Eagle Eye Solutions Group announces Bob Willett to the Board as Non-Executive Chairman

– UK – Eagle Eye Solutions Group PLC, a leading UK provider of digital consumer engagement solutions to the retail and hospitality industries, is pleased to announce that Bob Willett has re-joined the Board as Non-Executive Chairman of the Company, effective from today, 8 September 2014. Bob succeeds Bill Currie who steps down as Chairman, but who will remain an active member of the Board as a Non-Executive Director.

Mr Willett was previously Non-Executive Chairman of Eagle Eye Solutions Limited from 2013 to March 2014, temporarily stepping down for health reasons. Prior to this, Bob was Non-Executive Director and then Group CEO of  Al-Futtaim Private Company LLC and held a number of roles at Best Buy Co. Inc from 2002, culminating in his appointment as Chief Executive Officer of Best Buy International, Best Buy Co. Inc’s international division, between 2006 and 2010. Here he sponsored and chaired the very successful partnership between Carphone Warehouse and Bestbuy Mobile in the US until his retirement in January 2010. Mr Willett also served as Global Managing Partner for the retail practice at Accenture LLP and was a member of the Executive committee between 1994 and 2001. 

He is currently Chairman of Anatwine, Metapack Ltd and Occa Home Ltd, and a Non-Executive Director of Mobile World Vietnam. In addition, this year he was appointed as a Trustee of The National Museum of Computing, Bletchley Park.

Commenting on the appointment, Phill Blundell, Chief Executive said: “I am delighted that Bob has returned to the Company. His leadership and strategic skills will be important as we grow the business. Specifically his extensive knowledge of retail and international business will be invaluable as we go forward. I would also like to thank Bill for his support throughout the IPO process and I am so pleased he has agreed to stay on as a Non-Executive Director”.

About Eagle Eye

Eagle Eye is a leading UK provider of digital consumer engagement solutions to the retail and hospitality industries.

The Company provides a digital transaction platform for the secure multi-channel issuance, management and redemption of promotional offers, gift vouchers and loyalty-based rewards, replacing previously used paper-based methods. The coupons, gift vouchers and loyalty-based rewards markets are currently transitioning through substantial change as both retailers and consumers are moving away from paper and plastic to digital offers, rewards and loyalty. These markets, in aggregate, are estimated to be worth £54.8 billion, £4.7 billion and £210 million respectively.

The Eagle Eye platform comprises four key components: campaign creation; issuance; redemption and reporting. The Company’s products supported by the Eagle Eye platform allow the Company’s clients to deliver relevant offers, rewards and services to consumers in real time, in a simple and secure way, across multiple media including email, SMS messaging and loyalty apps. The offers and rewards can be redeemed securely by the consumer through any enabled point of sale channel.

The Company’s current customer base comprises leading names in UK retail and hospitality including Ask, Greggs,  JD Sports, Karen Millen, Ladbrokes, JD Sports, Marks & Spencer, Mitchells and Butlers, Pets at Home, Pizza Express and  Tesco. 

Over the last year, the number of transactions conducted over the platform has increased significantly from an average of 200,000 a month in 2012 to 1,000,000 a month in 2013. Revenue has grown at a CAGR of 70 per cent. per annum for the last three years, with revenue for the year ending 30 June 2013 totalling £705,000. In the six months ending 31 December 2013, revenue was 75 per cent. greater than the six months to 31 December 2012. 

The Group is headquartered in Guildford, Surrey.

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