ServicePower Technologies plc
("ServicePower" or the "Company")
Appointment of Finance Director
ServicePower Technologies Plc (AIM: SVR), a market leader in field management, is pleased to announce the appointment of Tajinder Sandhu as Group Finance Director with effect from 9th December 2013. He will be based in the UK and it is expected that the Company will seek to appoint Mr. Sandhu to the Board at the AGM in June 2014.
Mr. Sandhu joins ServicePower from NCC Education, a leading UK Awarding Body specialising in Business and IT, where he was the Finance Director with duties spanning the UK, Malaysia, South Africa and China. At NCC Education, Mr Sandhu managed the team during a period of rapid change, and stabilised the finance function. He oversaw income, budgeting, forecasting, new product development and board reporting. Mr. Sandhu is also a consultant for the Centre of Innovation and Entrepreneurship at the University of Oxford, a position he has held since 2010.
Since qualifying as a chartered accountant at BDO in 1994, Mr Sandhu has held several roles within the finance function of various organisations. From 2006 to 2010, Mr. Sandhu was Senior International Finance and Operations Director and International Director of Tax and Accounting for Wolters Kluwer, a market-leading global information services and publishing company focused on professionals. During his time at Wolters Kluwer he worked across the US and Dutch head offices and also completed an EMBA at Oxford University. At Wolters Kluwer Mr. Sandhu was instrumental in overhauling a number of internal processes, leading to greater efficiencies and success within the division.
Marne Martin, CEO, ServicePower Technologies Plc commented: "I am delighted to welcome Tajinder to the team. As reported in our recent trading update, ServicePower has been successful in driving revenue growth in the year to-date, and we are focussed on delivering improved operating margins, providing a strong financial footing for the future and for delivering sustained growth. Tajinder will be a valuable addition to ServicePower as the Company executes on this plan."
|ServicePower Technologies Plc||FinnCap||Newgate Threadneedle|
|Tel: 0161 476 7762||Tel: 0207 220 0500||Tel: 020 7653 9850|
|Marne Martin, CEO||Stuart Andrews||Caroline Evans-Jones|
|Lindsay Bury, Chairman||Charlotte Stranner||Fiona Conroy|
ServicePower is the only company that can provide a complete, global field management platform that controls all elements of the service lifecycle from offering an appointment, assigning resource and dispatching work through to tracking resources, processing claims and providing business intelligence and analytical reports. With advanced intelligence-based scheduling, dispatch and open market auction software, as well as access to a global network of 86,000 repair and installation technicians, we enable companies to control and schedule work using a mixed resource pool of employees and independent contractors. ServicePower provides solutions that cross all industries. Current customers include Assurant Solutions, Mitsubishi, Farmers Insurance, and Pitney Bowes.
ServicePower is listed on the AIM market of the London Stock Exchange with the ticker SVR.L. For more information please visit www.servicepower.com