Pace plc: Changes to Executive Management (1189V)

TIDMPIC

RNS Number : 1189V

Pace PLC

06 January 2012

Pace plc: Changes to Executive Management

Saltaire, UK, 6 January 2012: Pace plc today announces two changes to its executive management team.

Following a review of its senior operating structure, the role of Chief Operating Officer (COO) will cease to exist. David McKinney, Pace COO, will therefore leave the company and resigns from the Board with immediate effect. Key operations and procurement functions that previously reported to David will now report directly to the Chief Executive Officer (CEO).

Chairman, Allan Leighton, said: "The new senior structure gives the CEO direct line of sight to the critical areas of the business. However, it's important to acknowledge the significant contribution that David has made to Pace over the last six years in building its operational capabilities. We wish him all the best for the future."

Separately, Tim O'Loughlin has been appointed President of Pace Americas. Tim replaces Mike Pulli in the role, following Mike's appointment as Pace CEO in December 2011. Tim takes responsibility for the Pace Americas business, including customer relationships, operations and all administrative functions.

Commenting on Tim O'Loughlin's appointment, Pace CEO, Mike Pulli, said: "Tim has worked at Pace for over a decade, including eight years as part of my Americas leadership team, and is extremely well respected both within the company and by our customers and partners. His appointment as President ensures continuity of leadership and the customer relationships that are critical to our continued growth in this region."

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For further information please contact:

   Andrew Dowler / Charles Chichester                                Scott Sheldon / Stuart Hall 
   RLM Finsbury                                                                Pace plc 
   [phone]                                                     [phone] 

Note to Editors:

Biography - Tim O'Loughlin, President Pace Americas, Pace Plc

As President of Pace Americas, Tim O'Loughlin oversees the company's business in the USA, Canada and parts of LatAm. He has responsibility for a team of 1500 and revenues of $1.7 billion. Tim was appointed to the role from his previous position as Senior Vice President of Sales and Customer Support, with responsibility for Pace's cable business in the Americas.

Tim joined Pace in March 2001 as Marketing Manager and has subsequently held various senior positions at the company including Vice President of Business Development and Vice President of Sales and Marketing, with responsibility for all business development, sales, marketing and account management activities throughout North America.

Since joining Pace, Tim has been a primary force in driving the successful rollout of Pace's technology with companies including Comcast Corporation, Cogeco and Cablevision Argentina.

Prior to Pace, Tim held various sales and marketing positions in the hospitality and telecommunications industries where he developed and executed strategic marketing initiatives.

This information is provided by RNS

The company news service from the London Stock Exchange

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