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KCOM Group PLC Board update - prospective changes to its Board and management structure

Alongside its interim results statement released this morning, the KCOM Group PLC (KCOM.L) (‘the Group’) outlines also its plans for prospective changes to its Board and management structure.

The transformation of the Group which started in 2008 is now largely complete and a clear strategy for achieving sustainable growth is in place. Having reached this stage of its development the Group intends to split the roles of Chairman and Chief Executive.

From 1 April 2014, Bill Halbert, currently Executive Chairman, will assume the role of Group Chief Executive and Graham Holden, the role of Non-Executive Chairman. Mr Holden has been an independent Non-Executive Director (NED) for the past 6 years, throughout the process of transformation of the business. In conjunction with these changes, an additional NED will be recruited.

In parallel, Kevin Walsh, Executive Director with responsibility for our KC brand, has indicated his intention to retire from the Board in the summer of 2014 after 14 years with the business. Under his leadership, KC has grown its reputation as a regional provider of telecommunications services and continues to out-perform its peers. It is anticipated therefore that he will not stand for re-election at the next AGM in July 2014.

On that basis, following the next AGM, the Board will comprise the Chief Executive and Chief Finance Officers, as executive directors, a non-executive chairman and three non-executive directors.

The Board’s priority is to continue to push ahead with the execution of its strategy for sustainable, profitable growth, by focusing on the delivery of value added services across its target markets, with the aim of establishing strong and sustainable market positions.

About KCOM PLC

KCOM Group PLC is a leading provider of communications services to organisations and consumers, serving customers through four market focused brands.

KC provides a range of telephony and broadband services to consumers and businesses in Hull and East Yorkshire. Our other three brands serve organisations throughout the UK. Eclipse provides communications services to small and medium businesses across the UK, connecting them to customers, partners and suppliers and improving their productivity and flexibility, and helping them to grow.  Kcom works with some of the UK’s biggest names, delivering communications services that enable them to be flexible, efficient and more responsive to their customers. Smart421 delivers high-end consultancy, integration and management of business-critical systems for enterprise customers.

We apply the collective knowledge and expertise of our people and our partners to help our customers harness the power of communications. Our focus is on the delivery of inspiring customer experiences, and finding new and better ways to connect people.

For further information please contact:

Bill Halbert, Executive Chairman / Paul Simpson, CFO 
KCOM Group PLC
020 7422 8707

Cathy Phillips, Investor Relations
KCOM Group PLC
07778 335735

Matt Ridsdale/Lulu Bridges/Mike Bartlett
Tavistock Communications
020 7920 3150