WANdisco plc ("WANdisco" or the "Company") Board Transition
Nick Parker to Step Down as CFO; Paul Harrison, Currently CFO of The
Sage Group plc, Appointed
SHEFFIELD, UNITED KINGDOM -- (Marketwired) -- 05/08/13 -- WANdisco
(LSE: WAND), a provider of high-availability software for global
enterprises to meet the challenges of Big Data and distributed
software development, announces a change to its board of directors
Having joined WANdisco in November 2011, with the principal objective
of securing the Company's highly successful Admission to AIM in June
2012, Nick Parker has informed the Company of his intention to step
down from his role as Chief Financial Officer ("CFO") and from the
Board now that the Admission to AIM, associated major fund raising
and first set of annual results have all been successfully delivered.
With the significant balance of WANdisco's current sales generated in
the US, and with future sales growth expected to be generated in
markets outside of the UK, particularly in Asia, the Board has
decided to take this opportunity to relocate the CFO role to its
existing corporate office in California.
Accordingly, WANdisco is pleased to announce the appointment of Paul
Harrison as the Company's new Chief Financial Officer.
Mr Harrison, who will be based in California, joins WANdisco from The
Sage Group plc ("Sage"), a FTSE 100 company and leading global
provider of business management software to small and medium sized
companies. Mr Harrison joined Sage in 1997 from Price Waterhouse to
become Group Financial Controller. He joined the Board of Sage in
April 2000 as Chief Financial Officer. In May 2007, he was appointed
to the Board of Hays plc as a Non-Executive Director and, in November
2011, became its Senior Independent non-executive director.
Mr Harrison's appointment will take effect from 1 September 2013.
Ahead of that date, Mr Parker will remain in both his CFO and Board
positions ensuring continuity in the management of WANdisco's
David Richards, WANdisco Chairman and Chief Executive Officer said:
"All of us at WANdisco, particularly the Board, wish to thank Nick
for his major contribution to the Company. Nick's hard work
throughout the IPO process has been nothing short of invaluable. With
our IPO successfully completed, we now look to use this opportunity
to create a more US-centric finance team. Nick leaves WANdisco in
excellent financial health and we are very pleased to have appointed
Paul Harrison to continue the work Nick has started. Paul has a
wealth of experience within the technology sector and a leadership
track record of excellence while at Sage."
Paul Harrison added:
"I am excited to be joining David and the team at WANdisco. With its
patented technology providing unique functionality targeted at some
very high growth markets, I believe that WANdisco is well placed to
continue its exceptional growth. I look forward to playing my part on
this journey, and to sharing my experience of Sage's own growth story
over the last sixteen years."
About WANdisco plc
WANdisco (LSE: WAND) is a provider of
enterprise-ready, non-stop software solutions that enable globally
distributed organizations to meet today's data challenges of secure
storage, scalability and availability. WANdisco's products are
differentiated by the company's patented, active-active data
replication technology, serving crucial high availability (HA)
requirements, including Hadoop Big Data and Application Lifecycle
Management (ALM). Fortune Global 1000 companies including AT&T,
Motorola, Intel and Halliburton rely on WANdisco for performance,
reliability, security and availability. For additional information,
please visit www.wandisco.com.
Product and company names herein may be trademarks of their
For further information please contact:
Chairman and Chief Executive Officer
Chief Financial Officer
via FTI Consulting
+44 (0)20 7831 3113
Matt Dixon / Sophie McMillan / Jon Snowball / Roger Newby
Panmure Gordon & Co.
+44 (0)20 7459 3600
Fred Walsh / Grishma Patel
Adam Pollock, Charles Leigh-Pemberton
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