– UK, Berkshire – Idox plc (AIM: IDOX) is pleased to announce the appointment of Laurence Vaughan as non-Executive Chairman effective from 1 August 2015. The current Chairman of Idox, Martin Brooks announced on 26 February 2015 that, as he was coming to the end of ten years as Chairman of the Company in May, he was anticipating standing down following a suitable handover period. Martin will therefore retire as Chairman and Director of the Board on 31 July 2015, but will remain available until 31 August 2015 to ensure a smooth handover.
Laurence Edward William Vaughan (age 52) began his career with PricewaterhouseCoopers in audit and consulting before joining a client as its Financial Director. In 1993 he joined Sytner Group Ltd where, as Chief Executive Officer, he led the team that grew the company from a single BMW dealership to a group with revenues of approximately £1 billion by 1997 when it was listed on the London Stock Exchange. Sytner was bought by US-based Penske Group in 2002 and Laurence joined the main Board before becoming Sytner’s non-Executive Chairman. Sytner reported revenue of over £3.5 billion in 2014.
In 2006 Laurence was appointed Chairman of Civica plc which he helped float on AIM. He stepped down from its Board in late 2008 following Civica’s acquisition by Cornwall BidCo Limited (a company backed by 3i plc) and the decision to cancel the trading of Civica shares on AIM. Laurence is also Chairman of Catapult Venture Managers Limited and r2c Online Holdings Limited, a Catapult portfolio company specialising in compliance and invoicing systems for truck, coach and haulage operators. Laurence was also Executive Chairman of Anglian Home Improvements Limited from September 2013 to April 2015. Laurence holds a BA from Durham University and is a chartered accountant.
He is currently Chairman of Catapult Venture Managers Limited and founding partner of Opus Ventures LLP, a private equity business which he established in 2003.
Commenting on Laurence’s appointment Martin Brooks, the retiring Chairman of Idox said,”Laurence Vaughan is a highly experienced chairman with a strong background in acquisitions and achieving transformational growth. He is a strong believer in the importance of human capital and Idox will be able to leverage his entrepreneurial approach supported by excellent knowledge of financial control and reporting systems. I am confident that he has the ability to lead Idox to deliver on its strategy of growth by offering his exceptional knowledge set and business acumen. We welcome Laurence to the Board and I know my colleagues look forward to working with him.”
Laurence Vaughan, Idox’s Chairman elect, said,”It is with great pleasure that I accept the position of Chairman to the Board of Idox. I hold the Company in very high regard and believe that through working closely with the highly experienced Board and senior management of the Group, we can implement the transformative organic and acquisitive growth strategy needed to make Idox a stand-out leader across all its chosen markets.”
About Idox plc
Idox plc is a supplier of specialist document management collaboration solutions and services to the public sector and increasingly to highly regulated asset intensive industries around the world in the wider corporate sector.
Its Public Sector Software Division is the leading applications provider to UK local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers. The Division provides public sector organisations with tools to manage information and knowledge, documents, content, business processes and workflow as well as connecting directly with the citizen via the web, and providing elections management solutions. It also supplies in the UK and internationally, decision support content such as grants and planning policy information and corporates compliance services.
The Engineering Information Management Division delivers engineering document control, project collaboration and facility management applications to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation in North America and around the world.
The Group employs over 560 staff located in the UK, the USA, Canada, Europe, India and Australia.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
