17th Sep 2010 07:00
XCHANGING PLC APPOINTS NEW CFO
Xchanging PLC (LSE: XCH) is pleased to announce that Ken Lever will be appointed to the Board as Chief Financial Officer (CFO) on 5 October 2010 and will begin the transition phase of his new role immediately. Ken will replace Richard Houghton who announced on 15 July his intention to step down as Director and to leave the Company. Richard will also be stepping down from the Xchanging Board on 5 October.
Ken joins Xchanging from Numonyx B.V., the Swiss-based technology company, where he was Chief Financial Officer and Senior Vice President. He joined private equity financed Numonyx B.V. in 2008 having previously served as Chief Financial Officer of Tomkins plc, the global engineering and manufacturing group, from 1999 to 2007. From 1995 - 1999 Ken was Finance Director at Albright & Wilson plc, the FTSE 250 chemicals manufacturer, and prior to that he was Finance Director at the international construction, house building and aggregates group, Alfred McAlpine.
Since September 2008, Ken has been a member of the Accounting Standards Board, the UK accounting standard setting authority of the Financial Reporting Council, having previously chaired the Financial Reporting Committee of the UK 100 Group of Finance Directors.
David Andrews, Chief Executive Officer of Xchanging said: "We are delighted to welcome Ken to Xchanging. He brings with him a wealth of public company knowledge and financial experience from a number of established international listed businesses. We all look forward to working closely with him."
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Current and previous Executive Directorships: [1]
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2008 - 2010 |
NUMONYX B.V. - Chief Financial Officer |
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1999 - 2007 |
TOMKINS PLC - Chief Financial Officer / Group Finance Director, UK |
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1995 - 1999 |
ALBRIGHT & WILSON PLC - Finance Director |
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1991 - 1995 |
ALFRED MCALPINE PLC - Finance Director |
Previous Non-Executive Directorships:
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2007 - 2008 |
WOLSEY SECURITIES - Non-Executive Director |
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2006 - 2008 |
ISOFT PLC - Non-Executive Director and Audit Committee Chairman |
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2004 - 2006 |
MEREWOOD GROUP - Non-Executive Director |
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1998 - 2005 |
VEGA GROUP PLC - Non-Executive Director and Audit Committee Chairman |
Education and qualifications:
·; BSc (Hons) Management Sciences, Manchester University, UK
·; Fellow of the Institute of Chartered Accountants in England & Wales, UK
[1] In accordance with Paragraph 9.6.15 of the Listing Rules of the UKLA, Xchanging plc confirms that there are no further matters which require notification in respect of Paragraph 9.6.13 (1-6) in relation to Ken Lever.
Enquiries:
Xchanging plc |
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Nicole Jones, Head of Investor Relations |
Tel: 020 7780 6999 |
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Cardew Group |
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Anthony Cardew |
Tel: 020 7930 0777 |
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David Roach |
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About Xchanging
Xchanging is one of the largest and fastest growing business processors. With a wide range of multinational customers in 42 countries and employing over 8,000 people, we are a truly global company. We deliver mission-critical, high volume processing to our customers. Our aim is simply to provide business processing services better, cheaper and faster.
Xchanging provides procurement, accounting, human resources and technology services across industries. We combine this functional processing expertise with deep industry domain knowledge to provide industry-specific processing services across a broad range of industries. These industries include banking, insurance, manufacturing, retail and real estate among others.
Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the index of mid-capitalised companies traded on the London Stock Exchange. Xchanging is also a member of the FTSE4Good index which measures the performance of companies that meet globally recognised corporate responsibility standards. www.xchanging.com
Related Shares:
XCH.L