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Spice appoints Sir Roy Gardner as Chairman
Spice appoints Sir Roy Gardner as Chairman
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Spice Limited announces appointment of Sir Roy Gardner as Chairman Spice Limited (“Spice” or the “Company”), a leading provider of outsourced infrastructure support services in the fields of Utility and Energy, today announces the appointment of Sir Roy Gardner as Chairman of the Company with immediate effect. Sir Roy is Chairman of Compass Group PLC, a leading provider of catering and support services and a constituent of London’s FTSE-100 index of companies. Sir Roy was formerly Chief Executive of Centrica plc, which trades in Britain under the brand name of British Gas. Centrica was formed on the demerger of the supply, services and retail business of the former British Gas plc in February 2007 which Sir Roy joined in November 1994 as Executive Director, Finance. He has also held senior positions within many of Britain’s largest manufacturing businesses in the Telecoms and Engineering sectors. This appointment follows that of David Owens as Chief Executive of Spice on 2 December 2010 subsequent to its acquisition by Cilantro Acquisitions Limited (a company owned by funds managed and advised by Cinven Limited). Sir Roy Gardner today commented: “I am looking forward to working with the management team and Cinven in driving the future growth of Spice. I expect this growth to be achieved through organic expansion, a broader geographic outlook and acquisitions. However, the underlying core focus needs to be on providing the very best infrastructure outsourcing services to Spice’s current customers and evolving its offer to capture more business amongst current and potential clients. I look forward to speaking to our customers and prospects at the very highest levels to ensure that Spice can capture market share, exploit new markets and grow substantially.” Commenting on Sir Roy’s appointment, Pascal Heberling, a partner at Cinven and Director of Spice, said: “Sir Roy is an individual who combines a genuine breadth of business experience with leadership skills and an intimate knowledge of Spice’s markets. We believe that in combination with the newly appointed executive management, Sir Roy’s appointment now completes the realignment of the Board and readies the company for investment in long term growth and value creation.” |
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December 17, 2010 |
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