IKE
29/03/2016 08:47
OFFICE
NOT PRICE SENSITIVE
REL: 0847 HRS ikeGPS Group Limited (NS)
OFFICE: IKE: Executive team changes at IKE
For Immediate Release March 29, 2016
Executive team changes at IKE
ikeGPS (IKE) today announced two executive team changes due to the continuing
evolution of its business in key vertical and geographic markets. The
company is moving to a business unit structure, with business unit leaders
responsible for the revenue and growth of specific vertical markets, and as a
result it has disestablished the cross-market role of SVP Sales.
Consequently, Brian Soliday will be leaving ikeGPS. A second change is the
departure of New Zealand-based chief financial officer, Gael Hargreaves, at
the end of April. A New Zealand-based financial controller has been
appointed and the company is in a process to appoint a US-based chief
financial officer, reflecting the U.S.-centric nature of the company's
operations including its stated focus on the U.S. capital markets through
FY17.
"We continue to shape our organisation structure and executive team to
reflect the growth of our business. This has a sharp focus on delivering to
customers in three distinct vertical markets - electric utilities,
government, and new markets such as signage, insurance & construction," said
Glenn Milnes, Chief Executive Officer, ikeGPS. "Brian has done a strong job
as SVP Sales, where he was responsible for cross-market sales, contributing
positively to our growth. However we have continued to build a high calibre
leadership team, including leaders with deep industry experience relevant to
our target markets, and believe we are well positioned to address these
significant and unserved opportunities." Milnes added, "On the finance side
this change reflects our increasing focus on strategic initiatives in the
U.S. market. Gael has been an outstanding contributor to ikeGPS and is
moving to a new role in another New Zealand growth company. We wish her all
the best in her endeavours."
ENDS
Contact
ikeGPS, Inc.
Glenn Milnes, CEO
+1 720-418-1936
[email protected]
End CA:00279902 For:IKE Type:OFFICE Time:2016-03-29 08:47:53
