Directorate change - Appointment of Chairman Designate
Helios Towers, the independent telecoms infrastructure company, today announces the appointment of Allan Cook CBE DSc as Chairman Designate. He will succeed Chuck Green as Non-Executive Chairman of the Board who, as previously announced, will step down from the role of Executive Chairman on 31 December 2017 to comply with UK Corporate Governance Code.
Allan was the former chairman of WS Atkins, the FTSE 250 global design, engineering and project management company, from 2009 to July 2017 when Atkins was sold to SNC Lavalin. Prior to this, Allan was Chief Executive Officer at Cobham PLC for 9 years and held numerous management roles at BAE Systems PLC, GEC Marconi, Hughes Microelectronics Inc and Bourns Electronics Ltd in the UK and on international assignments.
Allan currently serves on the advisory board of JF Lehman & Company and is Industry Co-Chair of the Defence Growth Partnership. He is also a director of the High Value Manufacturing Catapult under the direction of Innovate UK.
Chuck Green, Executive Chairman, commented:
“It has been an eventful 8 years for Helios Towers, which I have thoroughly enjoyed and I am delighted to hand over to Allan, a highly experienced and successful company director and chairman. His experience across a wide range of businesses will be of significant benefit to the Group and make him ideally positioned to be the next Chairman of Helios Towers."
Allan Cook, Chairman Designate, commented:
“I am delighted and excited to be appointed as Chairman of Helios Towers, and I look forward to working with the executive team in continuing to deliver the Group's growth strategy. The strength and vision of the management team positions Helios Towers well for further growth, and I welcome the opportunity to make a significant contribution to the business."
To view this announcement on the LSE go to: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IRSH/13472143.html
To view this announcement on the ISE go to: http://www.ise.ie/app/announcementDetails.aspx?ID=13472143
For further information, please contact:
|Edward Bridges||FTI Consulting LLP||+44 (0)20 3727 1000|
About Helios Towers
Helios Towers is a leading independent tower company in Africa, having established one of Africa’s most extensive tower networks with more than 6,500 towers in four markets. HT builds and manages telecom passive infrastructure, leasing it to operators across the continent.
Helios Towers is an independent telecommunications tower infrastructure company, and owns and operates more tower sites than any other operator in each of Tanzania, Democratic Republic of Congo, or DRC, and Congo Brazzaville. We are also a leading operator in Ghana with a strong urban presence.
The company pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. Allowing wireless operators to outsource non-core tower-related activities enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.
Investors in HT include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom International Cellular.