Sepura appoints new chairman and new interim CEO

Interim CEO appointed to manage Cambridge-based firm while CEO Gordon Watling is on extended leave of absence for medical reasons

Sepura appoints new chairman and new interim CEO

Sepura, the UK professional mobile radio (PMR) solutions provider, has appointed Alan Lovell as chairman and David Barrass as interim chief executive officer, both with immediate effect.

David Barrass’ appointment reflects the extended period of absence being taken by Gordon Watling, chief executive officer, on medical advice, as announced on 14 September 2016. Richard Smith reverts to his role as chief financial officer having previously been acting chief executive officer.

Barrass has held a number of chief executive roles as well as non-executive positions. These include working across a range of companies whilst an operating partner at Baird Capital, and as chief executive at ArmorGroup International PLC and The Royal Mint.

Alan Lovell has held a number of roles as chairman, chief executive and finance director with a wide range of listed and private companies including Tamar Energy Limited, Infinis Limited, Jarvis plc, Dunlop Slazenger Group and Costain Group PLC.

Lovell succeeds Russell King who, as announced on 16 August 2016, notified the Board that he intended to step down once a replacement had been appointed.

Nigel Smith, non-executive director, commented: “I am delighted that both Alan and David are joining the business today. They bring extensive experience and expertise to build on our excellent products and premier technologies.

“Their leadership will be invaluable to the Board and senior management team as we continue to focus on converting our strong pipeline of sales opportunities, reducing costs and improving cash generation.”

The appointments come at a difficult time for Sepura as the company has racked up a large debt partly due to the cost of acquiring and integrating fellow PMR company Teltronic.

See also:
Broker sees Sepura as attractive potential takeover target

Sepura looks to manage down debt and capitalise on new markets

 

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