Maintel Holdings plc announces the following two Board changes.
Non-Executive Director Dr Annette Nabavi has decided not to seek re-election at the forthcoming AGM, in order to focus on other interests. As a result she will step down from the Board at the conclusion of the Company's 2021 AGM. Annette joined the Board in June 2014, bringing a wealth of experience from a career in strategic consulting and investment banking.
Chief Financial Officer Mark Townsend will be leaving Maintel towards the end of the current year to fulfil a long-term ambition of travel before semi-retirement back in the UK. Mark joined the Board in 2016 and has been instrumental in a number of acquisitions and latterly in Maintel's transformation into a cloud and managed service organisation.
The Board has initiated a search process for both replacements with a view to making appointments in due course. Nicholas Taylor will assume the role of Chair of the Remuneration Committee on an interim basis.
John Booth, Non-Executive Chairman said:
"I would like to thank Annette for her significant contribution to Maintel over the past 7 years. In particular, her insight and guidance on complex transactions, such as the transformative acquisitions of Azzurri and Intrinsic, has been invaluable, as has her leadership on diversity and equality issues and her chairing of our Remuneration Committee. We wish her the all the very best in her future ventures.
Equally the Board thanks Mark for his guidance and leadership over the past five years, especially during the Azzurri and Intrinsic acquisitions, and more recently for his work sustaining the transformation of Maintel, returning the business back to organic growth. Mark will leave the company towards the end of this year and we look forward to his continued support and guidance over the forthcoming months."