Tungsten Corporation PLC New Chief Executive Officer (2768E)
03 Luglio 2019 - 8:00AM
UK Regulatory
TIDMTUNG
RNS Number : 2768E
Tungsten Corporation PLC
03 July 2019
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
3 July 2019
New Chief Executive Officer
Tungsten Corporation plc, the global business transaction
network, is pleased to announce that Andrew Lemonofides will be
joining the Board as Chief Executive Officer in September 2019.
Andrew is currently the Chief Strategy and Transformation
Officer at IWG plc, having previously served as Chief Strategy
Officer. He has been a valued member of the IWG Senior Leadership
team for the past 7 years. Andrew has extensive experience of the
technology sector, having held a number of senior roles in global
technology companies for a total of 23 years. Most recently Andrew
spent 13 years at Dell Corporation in various senior finance and
operations roles, including COO Emerging Markets, European
Commercial Operations Director and Finance Director UK LCA.
He has focused on the execution of transformational change
through a detailed, systematic and customer centric approach to
deliver simple and effective business models. Importantly he has
also led reengineering programmes encompassing both AR and AP
systems, allowing him a deep understanding of the solutions which
Tungsten offers from all customer perspectives.
Andrew holds a degree in Business Studies with Marketing, a
postgraduate degree in Economics and also an MBA.
Following Andrew's appointment, David Williams will revert to
his role as CFO and Tony Bromovsky will revert to his prior role of
Non-Executive Chairman after a suitable integration period.
Commenting on the appointment, Tony Bromovsky, Executive
Chairman of Tungsten said:
"On behalf of the Board and the whole Company, I would like to
welcome Andrew to Tungsten. After a detailed and testing selection
process, we are delighted to have attracted someone of Andrew's
calibre, experience and skill set and we are confident he will be
able to drive the business forward and generate the further global
scale and penetration for which it has been designed."
Commenting on his appointment, Andrew Lemonofides said:
"I am looking forward to the challenge which Tungsten presents,
both in continuing and further enhancing the important changes
already started by Tony and the executive team. I am confident that
a disciplined and focused approach will allow us to achieve the
results that realise the potential of Tungsten."
Enquiries:
Tungsten Corporation plc
Tony Bromovsky, Executive Chairman
David Williams, Interim Chief Executive
and Chief Financial Officer +44 20 7280 7713
Panmure Gordon (Nominated Advisor)
Dominic Morley +44 20 7886 2500
Canaccord Genuity Limited (Broker)
Simon Bridges/Emma Gabriel +44 20 7523 8000
Andrew John Lemonofides (53) is currently a director of the
following companies:
AS DIRECTED LTD
There are no further disclosures required in accordance with AIM
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies.
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) aims to be the world's most
trusted business transaction network by using data intelligently to
strengthen the global supply chain.
Tungsten Network is a secure business transaction network that
brings businesses and their suppliers closer together with unique
technology that revolutionises invoice processing, maximises
efficiency and improves cash flow. Delivering trusted connections
and streamlined transactions, the network also provides users with
real-time spend analysis and offers access to trade finance through
Tungsten Network Finance.
Tungsten Network processes invoices for 74 percent of the FTSE
100 and 71 percent of the Fortune 500. It enables suppliers to
submit tax compliant e-invoices in 48 countries, and last year
processed transactions worth over GBP164bn for organisations such
as Alliance Data, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and
the US Federal Government.
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.
END
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