Inspired Energy appoints Mike Fletcher as Non-Executive Chairman alongside Mark Dickinson as new Non-Executive Director

– UK, London – Inspired Energy plc (AIM: INSE), a leading UK energy procurement consultant to UK corporates and SMEs, announces the following planned Board changes. Bob Holt has today stepped down from his position as Non-Executive Chairman with Michael Fletcher being appointed as Non-Executive Chairman. In addition, Mark Dickinson has been appointed Non-Executive Director, with immediate effect.

Michael Fletcher, who has been on the Board since Inspired Energy listed in November 2011, has been appointed as Non-Executive Chairman. Mike is co-founder and managing partner of Praetura Capital LLP, a business specialising in venture investment and corporate advisory and was formerly a Managing Director at Altium Capital Limited. Mike has extensive experience in mergers, acquisitions and corporate finance complementing Inspired Energy’s growth strategy of executing complementary acquisitions. Mike is a chartered accountant and both FCA and SRA approved.

Mark Dickinson joins the Board as a Non-Executive Director. Mark is an energy consultancy specialist with over 20 years’ experience of developing and advising companies in the sector.  Mark was CEO of M&C Energy Group where he led the buy and build strategy completing four acquisitions before selling the company to Schneider Electric in 2013. 

He brings significant industry knowledge coupled with experience in executing acquisitions and has a Masters in Finance from the London Business School where he was voted Accomplished Entrepreneur of the Year in 2012. 

Mark Dickinson will chair the nominations committee and Mike Fletcher will chair the audit committee.

In addition to the changes above, the Board intends to appoint a further independent non-executive director to the Board in due course.

Commenting on the Board changes, Janet Thornton, CEO said: “On behalf of the Board, I would like to thank Bob for his support. Bob has provided invaluable advice drawing on his broad experience of public company life in his role throughout the IPO process and subsequent five years which has seen Inspired Energy evolve from a £10 million fledgling enterprise into a £65 million Group.  We wish him well for the future. 

“We are delighted that Mike has agreed to step up to the Chairman’s role as he was integrally involved in the IPO, has been on the Board as a Non-Executive Director since 2011 and provides the Board with strong counsel and support.

“We would like to welcome Mark, who joins Inspired Energy at a very exciting time for the business.  We have grown significantly over the past five years, continuing to deliver record results through our organic growth and strategic acquisitions and look forward to another exciting year of growth and opportunity for the business.”

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