Tungsten Corporation PLC Appointment of Chief Financial Officer (2055Z)
May 20 2021 - 2:00AM
UK Regulatory
TIDMTUNG
RNS Number : 2055Z
Tungsten Corporation PLC
20 May 2021
20 May 2021
Tungsten Corporation plc
("Tungsten" or the "Company")
Appointment of Chief Financial Officer
The board of Tungsten Corporation PLC (AIM:TUNG), a leading
provider of digital financial management products and software
solutions, is pleased to announce that it has appointed Ian Kelly,
currently Interim Chief Financial Officer, to the role of Chief
Financial Officer on a permanent basis.
Ian is an experienced Finance professional with significant
commercial experience in technology-based businesses operating in
client-centric markets.
Ian joined Tungsten in 2019 prior to which he had been Finance
Director at Blackhawk Network, International Finance Director at
Axiomlaw, Finance Director - Residential at Talk Talk and EMEA and
Shared Services Finance Director at Discovery Communications. He is
a Fellow of the Institute of Chartered Accountants for England and
Wales, having qualified with PWC.
It is planned that Ian will join the board in due course, and
other than that set out below, there is no further information
required to be disclosed under Rule 17 and Schedule Two, paragraph
(g) of the AIM Rules.
Tony Bromovsky, Chairman commented, "The board of Tungsten are
pleased to welcome Ian to the role of Chief Financial Officer on a
permanent basis. Ian has made a very positive contribution since
joining Tungsten and stepping up to the Interim role. We look
forward to his continued leadership over the coming years."
Andrew Lemonofides, CEO commented, "I am also delighted that we
have been able to promote someone of the calibre of Ian to this
vital role and I look forward to continuing to work with him as we
drive to fulfil the potential that Tungsten represents."
Enquiries
Tungsten Corporation plc
Andrew Lemonofides, Chief Executive Officer +44 20 7280 6980
Canaccord Genuity Limited (Broker and Nominated
Adviser)
Simon Bridges/Andrew Potts +44 20 7523 8000
Tavistock Communications Financial PR & IR
Heather Armstrong
Jos Simson
Katie Hopkins +44 20 7920 3150
About Tungsten Corporation plc
Tungsten Corporation (AIM: TUNG) is the world's largest,
compliant business transaction network. A leading global electronic
invoicing and purchase order transactions network; Tungsten's
mission is centred on enabling a touchless invoice process allowing
businesses around the globe to gain maximum value from their
invoice process.
Tungsten processes invoices for 74% of the FTSE 100 and 71% of
the Fortune 500. It enables suppliers to submit tax compliant
e-invoices in 50 countries, and last year processed transactions
worth over GBP195bn for organisations such as Caesars
Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk
Industries, Mondelēz International, Procter & Gamble, Shaw
Industries, Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has
offices in the US, Bulgaria and Malaysia, employing over 300
people.
Forward looking statements
This document contains forward-looking statements that may or
may not prove accurate. For example, statements regarding expected
revenue growth and trading margins, market trends and our product
pipeline are forward-looking statements. Phrases such as "aim",
"plan", "intend", "anticipate", "well-placed", "believe",
"estimate", "expect", "target", "consider" and similar expressions
are generally intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause actual
results to differ materially from what is expressed or implied by
the statements. Any forward-looking statement is based on
information available to Tungsten as of the date of this statement.
All written or oral forward-looking statements attributable to
Tungsten are qualified by this caution. Tungsten does not undertake
any obligation to update or revise any forward-looking statement to
reflect any change in circumstances or in Tungsten's
expectations.
Additional Information
Ian Philip Kelly, age 49, is currently or has been a director of
the following companies within the past five years:
Current Directorships Previous directorships
The Peacock Court Residents None
Association Limited
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END
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