Share Name Share Symbol Market Type Share ISIN Share Description
Yu Group Plc LSE:YU. London Ordinary Share GB00BYQDPD80 ORD GBP0.005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -0.93% 265.00 250.00 280.00 267.50 265.00 267.50 8,000 08:32:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 101.5 -1.5 -7.0 - 43

Yu Group PLC Appointment of Digital Transformation Director

23/03/2021 7:00am

RNS Non-Regulatory


Yu Group PLC

23 March 2021

Yü Group PLC

("Yü Group" or the "Group")

Appointment of Commercial & Digital Transformation Director

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity and water to the UK SME and corporate sector, is pleased to announce the appointment of Jason Prothero as Commercial & Digital Transformation Director.

Jason will be responsible for driving digitalisation and automation to further enhance operational and commercial practices across the Group. He will also be part of a strengthened Executive Committee.

Jason joins from SSE Retail, now part of energy supply company OVO Energy, where he spent 15 years working in a variety of leadership positions. Most recently, Jason was Director of Technology & Transformation, following roles including Merger Integration Director, Director of Retail Transformation and Director of Business Design for NewCo, the business transformation programme undertaken by the company.

Jason brings a track record of successful project delivery, most recently involving the Ovo Energy acquisition of SSE Retail which completed in 2020 and where he led the consolidation of the two companies' IT systems.

The appointment follows the Group's trading update in January which reported Group performance coming in significantly ahead of expectations with strong sales momentum.

Bobby Kalar, Group Chief Executive Officer, Commented:

"We are delighted to welcome Jason who brings a wealth of expertise and a proven track record which will further strengthen our management team.

We are constantly looking to drive innovation and transform the business utilities market and our new digital channels are already proving incredibly successful.

I look forward to working closely with Jason as we continue to develop new routes to market utilising new technologies and taking advantage of the significant growth opportunities in the market."

For further information, please contact:

Yü Group PLC 
 Bobby Kalar 
 Paul Rawson                 +44 (0) 115 975 8258 
SP Angel Corporate Finance 
 Jeff Keating 
 Bruce Fraser 
 Caroline Rowe               +44 (0) 20 3470 0470 
Tulchan Group 
 David Allchurch 
 Giles Kernick               +44 (0) 20 7353 4200 

Notes to Editors

Information on the Group

Yü Group PLC, trading as Yü Energy, is an independent supplier of gas, electricity and water focused on servicing the SME and corporate sector throughout the UK. It has no involvement in the domestic retail market. The Group was listed on the AIM market of the London Stock Exchange in March 2016.

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(END) Dow Jones Newswires

March 23, 2021 03:00 ET (07:00 GMT)

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