Bilby PLC – Directorate Change

Bilby PLC – Directorate Change

Bilby Plc (AIM:BILB), a leading gas heating, electrical and building services provider is pleased to announce the appointment of David Bullen as Chief Executive Officer ("CEO") who will join the Company on 15 April 2019. Simultaneously David Ellingham, the current CEO of Bilby, is stepping down to pursue other career opportunities. 

David Bullen joins Bilby from Boleyn International Ltd, a strategic management consultancy he founded in 2016. Mr Bullen brings an impressive track record of creating substantial shareholder value as CEO at Anpario plc. David joined Anpario in 2007, moving on to become COO in 2009. He was the CEO between 2011 and 2016 where he oversaw growth in revenue and profits, delivering a four-fold increase in the share price. Prior to Anpario, David spent eight years at Novartis, where he held several senior positions both in the UK and abroad.

Bilby also announces as part of its ongoing efforts to meet the highest Corporate Governance standards, it has commenced a search for an additional Non-Executive Director to further enhance the Board. 

The Directors look forward to working with David and are confident Bilby will benefit from his considerable experience of running multi-divisional companies.  

Sangita Shah, Chairman of Bilby Plc, commented:

"We are delighted to announce David Bullen is joining Bilby as CEO. He brings with him significant experience of managing a listed company and an impressive track record of delivering growth and margin enhancement. We believe he is an excellent fit for Bilby and we look forward to working with him, restoring stakeholder confidence in Bilby and strengthening its market position. 

Since listing in 2015 David Ellingham has served on the Bilby board and has played a key role in the buy and build strategy and successfully acquired four strong businesses. We wish him well in the future." 

Commenting on his appointment, David Bullen said:

"I am excited to take the helm of a service-led business that has such a breadth of great people as its foundation.  The business will continue to focus on providing a best in class service to our customers, driving further efficiencies to improve our operational excellence and capitalising on the vast potential our sector offers. I believe the outlook for the group is positive and I look forward to delivering success for all stakeholders."

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