Eleco welcomes Paul Boughton to its Board as Independent Director

– UK, London –  Eleco plc (LON: ELCO), the AIM-quoted construction software specialist, today announced the appointment of Paul Boughton to the Board as an Independent Non-Executive Director with immediate effect.

“On behalf of the Board, I would like to welcome Paul as an Independent Non-Executive Director. Eleco will greatly benefit from the wealth of commercial, financial and M&A experience that he brings. As Chair of Quartix Technologies plc Paul is also familiar with the QCA Code and has broad public company experience.” said Executive Chairman, Serena Lang.

She added: “Since I was asked to take over the role of Executive Chairman, following the resignation of my predecessor in September 2020, it has been one of our key priorities to strengthen our Board, whilst giving careful consideration to ensure we are bringing the right expertise, independence and support to Eleco. Paul’s extensive M&A experience, knowledge of the US, German and Scandinavian markets, and of transitioning from a perpetual to a SaaS/recurring revenue model, will add tremendous value to the Board.

“Paul’s appointment is testament to Eleco’s rigorous commitment to making quality appointments that will complement the Board and support the Group’s long-term growth. Over the course of the next six months, the Board also plans to appoint another Independent Non-Executive Director to further strengthen the leadership team at Eleco.”

About Paul Boughton

Paul Boughton is currently Chair of Quartix Technologies plc, the telematics, and vehicle analytics company, having joined in 2014 ahead of its successful IPO. Paul has 30 years of executive experience in identifying, negotiating, and completing acquisitions in the USA and Europe. Paul spent thirteen years as Business Development Director for Spectris plc and subsequently held similar positions at IMI plc, Consort Medical plc, and Brammer plc. He was a Non-Executive Director of London Bridge Software plc and Raymarine plc earlier in his career. Paul has a BSc in Business and Managerial Economics from the University of Hull and is a Fellow of the Institute of Chartered Accountants.

Paul Boughton said: “I am delighted to be joining Eleco at such a pivotal and exciting time in its growth plans. I hope to contribute both to its financial and strategic development, particularly in international expansion.”

About Eleco plc

Eleco plc is an AIM-listed, specialist international provider of software and related services to the Architectural, Engineering, Construction, and Owner/Operator industries and interior furnishing industries from centers of excellence in the UK, Sweden, Germany, Netherlands, and the US.

The Company’s market-leading Elecosoft software solutions are developed by teams in the United Kingdom, Sweden, and Germany, and its solutions cover project management, estimating, timber engineering, CAD and visualization, asset and facility management, and cloud-based digital marketing solutions.

For more information: https://eleco.com/

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