Cordel Group PLC CEO Announcement (1409X)

TIDMCRDL

RNS Number : 1409X

Cordel Group PLC

24 April 2023

Cordel Group PLC

("Cordel" or the "Company" or the "Group")

CEO Announcement

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces the appointment of Mr John Davis as Chief Executive Officer, effective immediately.

Mr Davis has been a non-executive director of the Company since 2018 and has served as Interim CEO since 1 March 2023.

Ian Buddery, Chairman of the Board, said:

"We are delighted that John applied for the permanent CEO position, as part of our search process. He was clearly the best qualified and equipped candidate, bringing extensive executive managerial experience and deep knowledge of our market, technology and business."

John Davis, CEO, said:

"I am excited to be appointed as CEO at this pivotal point in the Company's journey. The recent win with Amtrak in the USA, deep engagement with existing customers and growing sales pipeline give me confidence in not only our near-term operating results, but also the future growth opportunity. We have a highly skilled and committed team and I am honoured to be leading them, to deliver value for all of our stakeholders."

Enquiries:

 
 Cordel Group PLC                             c/o Zeus Capital 
 Ian Buddery, Chairman 
  John Davis, CEO 
 Zeus Capital Limited Broker                  + 44 (0)20 3829 5000 
 Simon Johnson / Alexandra Campbell-Harris 
 
  Strand Hanson Limited Nominated Adviser 
  Richard Johnson / James Bellman               +44 (0)20 7409 3494

About Cordel

Cordel produces specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms. Further information on the Company is available at: www.cordel.ai

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSEIEFDEDSEFL

(END) Dow Jones Newswires

April 24, 2023 02:00 ET (06:00 GMT)

Maestrano (LSE:MNO)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024