6 September 2021
("Xpediator" or the "Company" or the "Group")
Xpediator, (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe, is pleased to announce the appointment of Mark Whiteling as Non-Executive Chairman. His appointment commences on 22 September 2021 and he replaces Alex Borrelli who announced he was stepping down from the role at the time of the 2020 results announcement on 12 April 2021, in line with best corporate practice regarding tenure.
Mark has extensive executive experience in the B2B and logistics/distribution space having been Interim Chief Executive and Chief Financial Officer at Premier Farnell Plc as well as Chief Financial Officer at Autobar Group Limited and Tibbett & Britten Group Plc. His most recent executive experience was as Chief Financial Officer at Interserve Plc leading the financial restructuring of that business. Mark is currently the Senior Independent Director for Smiths News Plc as well as Chair of its Audit Committee. He has also been the Senior Independent Director of Hogg Robinson Group Limited and was a Non-Executive Director at Future Plc.
Robert Ross, CEO of Xpediator, said: "Alex has been an excellent Chairman for our Group since his appointment in 2016 bringing significant Plc experience to our Board from the time of our IPO. We are grateful to Alex for his tireless work, and on behalf of the Company we wish him well for the future. In Mark, we believe we have found an excellent incoming Chairman with substantial Board and sector experience. We are very much looking forward to welcoming Mark and working closely with him to progress the development of the Group."
The following disclosures are in accordance with Schedule 2(g) of the AIM Rules for Companies:
Full name (age)
Mark Argent Whiteling (58)
- Smith News PLC (formerly known as Connect Group PLC)
- Interserve PLC
Previous directorships / partnerships (in the last five years):
- Hogg Robinson Group Limited
- Interserve Group Limited
- Interserve Group Holdings Limited
- Quatre Gourmets Ltd
- Tilbury Douglas Holdings Limited
Mr Whiteling was appointed as CFO of Interserve PLC in October 2017 in order to work with the lenders to restructure its debt as the company was experiencing significant and public financial difficulties. However, following a vote by shareholders rejecting a deleveraging plan, Interserve PLC was placed into administration on 15 March 2019 resulting in its subsidiary companies being sold to the group's lenders in a pre-pack administration. Debt of £815m and other liabilities of more than £200m were exchanged for equity in the new parent company, Interserve Group Limited.
Mark Whiteling does not hold any shares in the Company.
Tel: +44 (0)330 043 2395
Robert Ross, Chief Executive Officer
Mike Williamson, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser & Broker)
Tel: +44 (0)20 7397 8900
Giles Balleny, Max Gould (Corporate Finance)
Alex Pollen, Michael Johnson (Sales)
Novella Communications (Financial Public Relations)
Tel: +44 (0)20 3151 7008
Xpediator is a well-established international provider of freight management services. Established in 1988, the Group's international network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through its three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs over 1,200 people and was successfully listed on London's AIM market in 2017.
For more information, please visit: www.xpediator.com.