Ashpool Telecom plc

March 05, 2008 10:18 ET

Ashpool Telecom Plc: Directorate and Management Changes

LONDON, UNITED KINGDOM--(Marketwire - March 5, 2008) - As previously stated in the Chairman's Statement, Neil Newell is stepping down as Managing Director and is replaced by Jennifer Allsop who is to be appointed CEO. Jennifer has also been appointed to the board of Confabulate Ltd with immediate effect.

Additionally, Neil Newell indicated it remains his intention to step down as Chairman once an appropriate replacement has been identified. As per the earlier statement, he will be remaining with the Company as Technical Director, these changes are to allow him to spend more time in operating in a technical role also in Research & Development.

Additionally, Chris Aitken (who has been a director since 2002) is stepping down from his role as non-executive director. On behalf of the board, Neil Newell would like to thank Chris for his long service to the Company and wishes him well with his other ventures.

Additional Information

Jennifer Allsop was recruited by Ashpool in November 2007 as Commercial Director.

Jennifer graduated from the University of Westminster & the London College of Law, and is a qualified Entertainment & Media lawyer.

Jennifer is an established force in developing and commercialising interactive applications & TV projects, working with acknowledged Media industry businesses such as DITG and YooMedia.

Jennifer has for the past 10 years been at the centre of the ever expanding Global "New Media" & iTV evolution. Additionally, she is a Director of MC3 Global Ltd & Confabulate Ltd (an Ashpool Joint Venture company) and both of these companies have created pioneering & innovative solutions to address the need for Global interactivity & Gambling in the rapidly and ever developing field of Digital convergence.

Jennifer Allsop commented:

"This is a very exciting time indeed for Ashpool & its shareholders and I am looking forward to combining my commercial and Business Development experience with the technical excellence of Neil Newell and his team. I am delighted to be appointed as CEO & to accept my new position on the board of Ashpool Telecom".

"The acting Chairman of Ashpool Telecom, Neil Newell, added: "I'm delighted she has accepted these new roles, which will enable the company to benefit for her extensive commercial expertise and experience".

The Directors of the Issuer accept responsibility for this announcement.

Contact Information

  • Ashpool Telecom plc
    Jennifer Allsopp
    Chief Executive Officer
    01293 885 222
    or
    St Helen's Capital Plc
    Barry Hocken/Duncan Vasey
    Corporate Adviser
    020 7628 5582