Eagle-i Holdings PLC
Directorate Appointment
Eagle-i Holdings PLC ("Eagle-i" or the "Company"), a leading developer and
supplier of vehicle positioning and fleet management technology and services,
announces that Ian Walmsley has been appointed to the Board as Chief Executive
Officer.
Ian has held the position of Chief Executive of Eagle-i Telematics Limited, a
subsidiary of the Company, since April 2007 when he was recruited to lead the
restructuring and repositioning of the business. Significant progress has been
made in the transformation of the business over the last eighteen months, as
evidenced by the two major contract announcements with AXA Assistance and
HomeServe Plc. The latter contract, worth £4.5 million in its initial term, is
believed by the directors of Eagle-i to be one of largest fleet telematics
contracts ever awarded in the UK.
Ian has brought considerable business experience to Eagle-i, based on various
senior level marketing and business development roles held during his career.
Prior to joining Eagle-i, Ian was Director of Partnerships at CybIT Holdings
Plc ("CybIT"), the AIM quoted vehicle telematics provider, where he established
and led the development of their indirect sales business during a period in
which CybIT grew its total revenues from £623,000 to £13.3 million.
Rodney Graves, Chairman, commented:
"Ian has demonstrated considerable ability and performance since joining the
Company, having transformed our product offering and sales & marketing
strategy, thereby enabling us to break into new high value customer groups.
"He has demonstrated exemplary leadership skills whilst leveraging his position
as an industry authority in the field of vehicle telematics and the value it
brings to vehicle operators, insurers and vehicle leasing companies. We look
forward to the continuing transformation of Eagle-i into a leading European
player in our sector."
The following information is required to be disclosed under Rule 17 or Schedule
2(g) of the AIM Rules for Companies:
Ian Michael Walmsley age 42, is also, or has within the last five years been, a
director of the following companies:
Current directorships Directorships in the past five years
Eagle-i Telematics Limited None
Ei Leasing Limited
Walker Ventures Limited ("Walker Ventures"), a company of which Ian Walmsley
was a director, was placed into creditors voluntary liquidation in June 1995
and dissolved on 4 May 2000.
Eurobind (UK) Limited, a company of which Ian Walmsley was a director and the
parent company of Walker Ventures, was placed into creditors voluntary
liquidation in April 1996 and dissolved on 17 July 2001. Mr Walmsley was found
to have continued trading whilst the business was insolvent and was
disqualified from acting as a director for seven years between 1998 and 2005.
Ian Walmsley holds options in respect of 58,036,922 ordinary shares of 0.1p
each in the capital of the Company.
There are no further disclosures required under Rule 17 or Schedule 2(g) of the
AIM Rules for Companies.
3 November 2008
Enquiries:
Eagle-i Holdings Plc +44 (0)1928 795 400
Ian Walmsley ian.walmsley@eagle-i-telematics.com
WH Ireland Limited +44 (0)161 832 2174
Robin Gwyn/David Youngman
Haggie Financial LLP +44 (0)20 7417 8989
Nicholas Nelson/Kathy Boate nicholas.nelson@haggie.co.uk
About Eagle-i Holdings Plc
www.eagle-i-telematics.com
Established since 1995 and quoted on AIM, Eagle-i's modular fleet, asset and
mobile workforce management solutions have enabled hundreds of businesses
across the UK and Europe with the capability to drive down operational cost,
increase productivity and improve environmental and legislative compliance. As
one of Europe's leading Integrated Telematics Service Providers (ITP),
delivering an award-winning blend of technologies, solutions and consulting
services, Eagle-i offers a comprehensive capability portfolio including vehicle
tracking, mobile data messaging, satellite navigation, stolen vehicle recovery,
telematics-enabled risk management (TERM) and lone-worker protection solutions.