SHEFFIELD, UNITED KINGDOM--(Marketwired - May 8, 2013) - WANdisco (
Having joined WANdisco in November 2011, with the principal objective of securing the Company's highly successful Admission to AIM in June 2012, Nick Parker has informed the Company of his intention to step down from his role as Chief Financial Officer ("CFO") and from the Board now that the Admission to AIM, associated major fund raising and first set of annual results have all been successfully delivered.
With the significant balance of WANdisco's current sales generated in the US, and with future sales growth expected to be generated in markets outside of the UK, particularly in Asia, the Board has decided to take this opportunity to relocate the CFO role to its existing corporate office in California.
Accordingly, WANdisco is pleased to announce the appointment of Paul Harrison as the Company's new Chief Financial Officer.
Mr Harrison, who will be based in California, joins WANdisco from The Sage Group plc ("Sage"), a FTSE 100 company and leading global provider of business management software to small and medium sized companies. Mr Harrison joined Sage in 1997 from Price Waterhouse to become Group Financial Controller. He joined the Board of Sage in April 2000 as Chief Financial Officer. In May 2007, he was appointed to the Board of Hays plc as a Non-Executive Director and, in November 2011, became its Senior Independent non-executive director.
Mr Harrison's appointment will take effect from 1 September 2013. Ahead of that date, Mr Parker will remain in both his CFO and Board positions ensuring continuity in the management of WANdisco's financial affairs.
David Richards, WANdisco Chairman and Chief Executive Officer said:
"All of us at WANdisco, particularly the Board, wish to thank Nick for his major contribution to the Company. Nick's hard work throughout the IPO process has been nothing short of invaluable. With our IPO successfully completed, we now look to use this opportunity to create a more US-centric finance team. Nick leaves WANdisco in excellent financial health and we are very pleased to have appointed Paul Harrison to continue the work Nick has started. Paul has a wealth of experience within the technology sector and a leadership track record of excellence while at Sage."
Paul Harrison added:
"I am excited to be joining David and the team at WANdisco. With its patented technology providing unique functionality targeted at some very high growth markets, I believe that WANdisco is well placed to continue its exceptional growth. I look forward to playing my part on this journey, and to sharing my experience of Sage's own growth story over the last sixteen years."
About WANdisco plc
WANdisco (
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For further information please contact: WANdisco plc: David Richards Chairman and Chief Executive Officer Nick Parker Chief Financial Officer via FTI Consulting FTI Consulting: +44 (0)20 7831 3113 Matt Dixon / Sophie McMillan / Jon Snowball / Roger Newby Panmure Gordon & Co. +44 (0)20 7459 3600 Fred Walsh / Grishma Patel (Corporate Finance) Adam Pollock, Charles Leigh-Pemberton (Corporate Broking)
