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Ideagen PLC (IDEA)

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Thursday 24 October, 2019

Ideagen PLC

Board Change

RNS Number : 9309Q
Ideagen PLC
24 October 2019
 

24th October 2019

 

Ideagen PLC

("Ideagen" "the Company" or "the Group")

 

Board Change

 

Ideagen PLC (AIM: IDEA), a leading supplier of integrated risk management software to highly regulated industries, announces that Jonathan Wearing, Non-executive Director of the Company, will retire from the Board after 16 years with Ideagen on November 31st 2019.

 

The Company is pleased to announce that Richard Longdon will be joining the Company as Non-Executive Director of the Group effective from November 1st.

 

Richard has had a highly successful career in the technology sector, having spent 33 years with AVEVA Group plc ("AVEVA"), where he was Chief Executive Officer for 17 years until December 2016. During his time with AVEVA, the company grew from a £7m management-buyout to a £42 million public listing and was valued at £1.4bn when Richard retired from the board. AVEVA was a pioneer in the subscription based sales model, its profitable and consistent growth was achieved both organically and through acquisitions through an extensive operation across EMEA, USA and Asia

 

In the public markets Richard has also previously held the position of senior independent non-executive director at listed Fidessa Plc until it was taken private in 2018 and Alfa Financial plc. Richard has also worked successfully with Private Equity backed businesses serving as a non-executive director at Prometheus Inc and non- executive Chairman at Process Systems Enterprise Ltd.

 

Richard will chair the nomination committee which will be formed on his appointment.

 

David Hornsby, Executive Chairman of Ideagen, commented; "Firstly, I thank Jonathan for his many  years of commitment and service to Ideagen. His input and support over the years has been invaluable and it has been a great pleasure to work alongside him, we wish him well for the future.

 

The Board of Ideagen is pleased to welcome Richard, who brings a deep understanding of the technology sector and the public markets. We will benefit hugely from his guidance and insight as Ideagen continues to execute its global growth strategy''

 

The following disclosures are made in accordance with Schedule 2(g) of the AIM rules

Richard Longdon, age 63, has held the following directorships within the last 5 years:

Current Directorships

Previous 5 year Directorships

2oth Century Motor Cars Ltd

AVEVA Group Plc

Fidessa Plc

Alfa Financial Systems Plc

Flying Kiwi Inns

Process System Enterprise Ltd

Prometheus Group Inc

 

 

There are no further disclosures to be made in accordance with Schedule 2(g) of the AIM Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR).

 

Enquiries:

Ideagen plc

01629 699100

David Hornsby, Executive Chairman


Ben Dorks, Chief Executive Officer


Graeme Spenceley, Chief Financial Officer




 

finnCap Limited

020 7220 0500

Henrik Persson/James Thompson (Nomad)


Alice Lane (ECM)

 


Canaccord Genuity Limited

 020 7523 8000

Simon Bridges


Richard Andrews


 

 

About Ideagen plc

Ideagen is a UK-headquartered, global technology company quoted on the London Stock Exchange AIM market (Ticker: IDEA.L).

The Group provides IRM software and services to organisations operating within highly regulated industries such as aviation, banking and finance and life science, with its main operational premises spread throughout the UK, EU, US, Middle East and SE Asia.

With an excellent portfolio of software products including Q-Pulse, Coruson, Pentana Audit and PleaseReview, Ideagen helps its clients reduce costs, improve operational efficiency, strengthen compliance and oversight and anticipate and manage every detail of risk.

Currently, more than 4,700 organisations use Ideagen's products including seven of the top 10 UK accounting firms, all of the top aerospace and defence companies and 75% of the world's leading pharmaceutical firms.

Ideagen's diverse and varied customer base includes many well-known, global brands such as British Airways, Aggreko, BAE, Ryanair, US Navy, KLM, BBVA, Bank of New York, Commerzbank, Meggitt, Heineken, Johnson Matthey, Haeco Group and European Central Bank. As well as this, Ideagen counts 180 hospitals across the UK and US amongst its client base.

For further information please visit www.ideagen.com

 

 


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