Register for Digital Look

Company Announcements

Board Changes

Related Companies

RNS Number : 0173P
Alternative Networks plc
03 June 2015
 



3rd June 2015

 

Alternative Networks plc

("Alternative Networks" or the "Company")

 

Board Change

 

Edward Spurrier, Chief Executive Officer ("CEO") of Alternative Networks, has announced that he is to step down as both CEO and as a director of the Company on 30 September 2015, being the end of the Company's financial year.  Edward has previously notified the board of his intention to retire at a point when an appropriate successor was appointed.

 

After a careful selection process, the Board has now decided to appoint Mark Quartermaine as CEO from  1 October 2015.  Mark Quartermaine is currently Chief Operating Officer of Alternative Networks, a position he has held for over 12 months, having previously been a non-executive director of the Company.

 

Following his appointment as CEO, announced in December 2012, Edward has overseen a period of important change and growth for Alternative, making a number of transformational acquisitions and senior management appointments, and significantly, doubling the value of the Company.  He will be leaving to pursue a range of business advisory roles.

 

Edward Spurrier commented: "I feel I have achieved everything I set out to achieve when I started my career here at Alternative Networks, and more recently when I took over as Chief Executive. I joined as Finance Director in 1999, having previously advised the board as a consultant since its first year, 1995, and I was appointed as CFO in 2003, before listing on AIM in 2005. I've been part of every stage of Alternative Network's development to date.  The Company is in great shape, with a dynamic proposition and a strong management team and is well positioned for future growth."

 

James Murray, Chairman and co-founder of Alternative Networks, said: 

 

"Edward has been a driving force behind the development, growth and success of Alternative Networks.  As a director, he has led our strategy of organic and acquisitive expansion, which has transformed the business from a telecommunications reseller, into a thriving business technology managed service provider.  He has helped build a strong business with a great future and we are incredibly grateful for the contribution he has made.

 

"I am pleased that the Board has been able to appoint an internal candidate of Mark's calibre and given his intimate knowledge of both the company and the industry, I am confident of a seamless transition."

 

Mark Quartermaine has 30 years' experience in the ICT industry in a variety of roles at IBM and BT Global Services, including MD of Public Sector as well as its UK President.  Before joining Alternative, Mark was Vice President of UK & Ireland for Juniper Networks. He also served as a non-executive director on Alternative Networks' board from 10 December 2012 until January 2014. In May 2014, he was appointed as COO of Alternative Networks.  Since then, Mark has overseen the successful integration of ControlCircle and Intercept IT into the Company, an extensive project which included the restructure of all sales and operations functions and the development of new offices in London.

 

Mark Quartermaine said: "I am really looking forward to taking on the role of CEO in October.  Having been involved with Alternative Networks for a number of years, I have seen the Company grow into a business with so much to offer:  passionate people and a diverse product and managed service offering, which is wholly in tune with the B2B space and customers' specific needs."

 

ENDS

 

For further information, please contact:

Alternative Networks

Aidan Jackson, Communications Director 0800 316 8866

Aidan.jackson@alternativenetworks.com

 

Investec Bank PLC- Nominated Adviser and Joint Broker           020 7597 5970

Patrick Robb / Carlton Nelson/Andrew Pinder

 

ABOUT ALTERNATIVE

Alternative is one of the country's leading providers of IT solutions to businesses in the UK, from device to datacentre. We offer a broad portfolio of IT technology and telecommunications managed services, including cloud computing, virtualisation, managed hosting, fixed line voice, mobile, systems, IP networks and complex billing software solutions.  www.alternativenetworks.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOASSFFUEFISELM

Top of Page