Directorate Change

Further to the announcement on 5 May 2023, the Board of Eleco plc (AIM: ELCO), the AIM-listed specialist software provider for the built environment, announces that it has completed a full and broad recruitment process for the role of Non-Executive Chair, with the support of an independent executive search agency.

As a result of this process, the Board is pleased to announce that Mark Castle, who was acting as Interim Chair, has been appointed as the permanent Chair of the Board with immediate effect. Mark who joined the industry as an apprentice in 1981, is currently a Non-Executive Director at FTSE 100 housebuilder, Taylor Wimpey and also a Non-Executive Director at Mace Group, the global consulting and construction group. He also chairs the private equity funded business, Triangle Fire Group.

The recruitment process for additional independent Non-Executive Directors will continue, and a further announcement will be made in due course.

Commenting, Mark Castle said:

"I am delighted to have been appointed as Chair of Eleco plc. Having worked with the Board over the last two years through its successful SaaS transition, the business is well placed to deliver on its expansion plans via both M&A and organic growth"

Commenting, Jonathan Hunter, Chief Executive Officer said:

"Despite having a field of strong candidates in the recruitment process, the in-depth knowledge of the built environment and wider industry which Mark brings with him are simply unparalleled. He has proven himself to be an excellent Chair of the Board over the last five months and his expertise will be invaluable as Eleco seeks to expand its market presence and strengthen customer relationships."

For further information please visit www.eleco.com.