– UK, London – Vitesse Media plc (AIM:VIS), the AIM-quoted digital media and events business, announces the appointments with immediate effect of Neil Sachdev as Non-executive Chairman and Fraser Gray as a Non-executive Director and the resignations with immediate effect of Dave Smith and Keith Willey as Non-executive Chairman and Non-executive Director respectively.
Neil Sachdev MBE is an experienced Chairman with a strong track record of corporate governance, strategy and change management. He is Chairman of Sirius Real Estate Limited (until the end of December 2017) and of Martin’s Properties Limited and was Chairman of Market Tech Holdings Limited until June 2017 and stepped down as a Non-Executive Director of Intu Properties plc (formerly Capital Shopping Centres) during 2016 after ten years’ service. Previously, Neil held the post of Group Property Director of J Sainsbury and before that served for 28 years with Tesco, where he rose to be Stores Board Director, responsible for property and operations for the entire UK business. He also holds a number of public sector positions and was awarded an MBE for his work in relation to Energy Efficiency & Sustainability in the Retail sector. Mr Sachdev is currently the Chair of the Advisory Board of Warwick Business School.
Fraser Gray BSc is an ICAS chartered accountant, licensed insolvency practitioner and accredited mediator and sits on a number of advisory boards. He is experienced in a wide variety of corporate activity supporting SME companies on growth and strategic matters. Fraser was a Managing Director at AlixPartners in London until December 2016 following its acquisition of Zolfo Cooper Europe in February 2015. Fraser became a founding partner of Zolfo Cooper Europe in October 2008, which was set up to acquire Kroll Corporate Advisory & Restructuring Group where Fraser had worked since October 1996 and was a partner and leader of the Scottish practice. Fraser is also a Non-Executive Director of Maven Income and Growth VCT 6 PLC.
Simon Stilwell, Chief Executive Officer of Vitesse Media, said: “I am delighted to welcome Neil and Fraser to the Board. Both bring additional strategic, commercial, transaction and leadership experience which will be invaluable as we pursue our growth strategy and continue to transform the Company.
In 2017, we moved swiftly to improve the business at every level, reinvigorating not only its products and services, but critically our governance and leadership too. The foundations are in place for growth and improved financial performance. We enter 2018 fit to compete and excited by the opportunities ahead.
On behalf of the Board, I would like to thank both Dave and Keith for their contribution and many years of loyal service.”
About Vitesse Media plc
Vitesse Media plc is an AIM-quoted leading B2B media business specialising in events, digital activities, data and research across four key sectors: Technology, Investment, Diversity and SME. Vitesse’s ambition is to create content that informs, communities that engage and brands that inspire in order to enable a better business environment for our sponsors and clients.
Vitesse’s flagship titles include SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk and What Investment. Vitesse Media is also responsible for a growing portfolio of high-profile events, including The Quoted Company Awards, Women in IT Awards, British Small Business Awards and Data 50 Awards, amongst others.
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