New Chief Financial Officer joins Pace

Pace plc: New Chief Financial Officer joins Pace plc.

Saltaire, UK, 12 January 2015: Pace plc, a leading global developer of technologies and products for PayTV and broadband service providers, announces that Mark Shuttleworth has today joined the Board of Directors and taken up his position as Chief Financial Officer. This follows the announcement made on 18 November 2014.

Mike Pulli, CEO, commented: "I am delighted that Mark has now joined the Board and Executive team at Pace and look forward to working with him to help Pace achieve even greater success".

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Biography - Mark Shuttleworth, Chief Financial Officer Pace plc

Mark Shuttleworth has been appointed as Chief Financial Officer and joined the Board of Directors with effect from 12 January 2015. A Yorkshireman, Mark will be based at Pace's Saltaire HQ.

Most recently, Mark served as the CFO of Emirates Integrated Telecommunication Company PJSC, known as "du" (DU:UH). He joined du in 2005 and was responsible for managing the financial and business investment strategy of the start-up operator; leading the $660m IPO of the business on the Dubai Financial Markets and building the business to a market capitalisation of $8bn and revenues of $3bn.

Prior to du, Mark was CFO of Qatar Telecom "QTel" (now "Ooredoo", ORDS:YH) from 2003 to 2005. Mark has also served as Group Finance Director of European Telecom PLC, Group Finance Director at ORA Telecom Ltd and held a number of senior finance roles at Sensormatic Electronics Corporation Inc.

Mark qualified as a Chartered Accountant with Lubbock Fine and later worked at Price Waterhouse as a Senior Manager in Corporate Restructuring.