Investors
Regulatory Announcement: 2390N
Directorate Change
Gresham, the specialist provider of real-time financial solutions, is pleased to confirm that Ken Archer was appointed as non-executive director on 9 June 2010.
Ken holds no shares in the Company and there are no other matters required to be disclosed pursuant to Listing Rules 9.6.13 (1) to (6) inclusive.
Commenting on his appointment, Ken Archer, Non-Executive Director, said:
"I am looking
forward to working with the Gresham management team as we seek to build on the Company's improving performance. I expect to help the Company
accelerate its top line growth whilst continuing its efforts to improve profitability and free cash flow. The Company's comprehensive product
portfolio is well positioned to address the challenges faced by the clients it serves and I am confident these solutions will underpin future
business growth."
Eric Sepkes, Chairman of Gresham, commented:
"I am delighted that Ken, formerly CEO of
SmartStream Technologies, has agreed to join the board as a non-executive director. Ken has a wealth of experience in our chosen markets and
will provide invaluable insight and guidance as we grow the business. I welcome Ken to the board."
- Ends -
For further information, please contact:
| Gresham Computing plc Chris Errington, interim CEO | +44 (0) 20 7653 0200 |
| Singer Capital Markets Ltd Shaun Dobson, Partner and Joint Head of Corporate Finance James Maxwell, Director of Corporate Finance | +44 (0) 20 3205 7500 |
Notes to editors:
Ken Archer began his career as an IT professional with Philips Industries
and subsequently held Project Management roles with Hertz Europe and Overseas Containers Ltd. In 1976 Ken joined JP Morgan where he remained
for 10 years, the last four of which he held the position of VP Information Services with overall responsibility for IT in the London Office.
Subsequently he became CEO of Mercantile Information Services and COO of The Savings Corporation, a subsidiary of AIG. In 1991 he joined
Computer Sciences Corporation. Following a number of management roles in that company, in 2001 he was appointed President of European Business
development, a position he held for five years. In October 2006, Ken joined SmartStream Technologies as CEO following their buyout by TA
Associates in a deal valued at c£80m. In November 2007, SmartStream was acquired by Dubai International Financial Centre Investments in an
all cash deal valuing the company at approximately £208 million. Ken continued as CEO following the acquisition until April 2009