Redcentric plc

Directorate Change - Group CEO Appointment

20 January 2025

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces the appointment of Brian Woodford to the Board, effective 3 February 2025.  Furthermore, Brian Woodford will assume the role of CEO after an anticipated two-month transition period and a smooth handover of responsibilities, with Peter Brotherton stepping down as CEO of the Company.

We would like to extend our gratitude to Peter Brotherton for his exceptional leadership and invaluable contributions to the Company's growth and success.  Peter has been instrumental in leading the Company's growth as a leading IT managed service provider and in establishing a highly successful UK data centre operation.  We are pleased Peter has agreed, upon stepping down as CEO, to remain available to the business in a strategic advisory capacity through 30 June 2025.

Brian Woodford has consistently demonstrated exceptional vision and leadership throughout his career, holding senior positions at Capita, Tata Communications, Vodafone and Cable & Wireless.  Brian's understanding of Redcentric's sector and his leadership style characterised by innovation, collaboration and a strong client focus, aligns seamlessly with the Company's values and the Board is confident that Brian is well positioned to lead the Company as CEO, through its next phase of growth and innovation.

Peter Brotherton said, "The business is now in a very different place to when I joined in November 2016 with solid foundations now in place for sustainable and profitable growth.  It has been a privilege to work with so many talented professionals during my 8 years at Redcentric and I am tremendously proud of what we achieved and delivered for our clients.  My best wishes to Brian and the future success of Redcentric."

Brian Woodford said, "I am impressed by the tremendous achievements the Company has made under the leadership of Peter Brotherton and the dedicated efforts of Redcentric's talented team.  Building on this strong foundation, I look forward to collaborating with everyone across the organisation to continue innovating, expanding our market presence, and delivering value to our clients and shareholders." 

 Additional information

The following information is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

Full name: Brian Steen Woodford

Age: 53

Current directorships:

Rigtally Limited

Woodford Associates Limited

Previous directorships held in the past 5 years:

Haldenby Woodford Limited

Alveus Property Limited

Propiteer Norlin Antigua INC

NS Properties Ltd

NS Marina Funding Ltd

Save as set out above there are no further disclosures required pursuant to Rule 17 or Schedule 2(g) of the AIM Rules for Companies.

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