Brendan Flattery will become chief executive of Utilitywise from 1 October. He joins the firm from enterprise software firm Sage, where he is currently president of its European operation.
Geoff Thompson, founder and current CEO of Utilitywise, will become executive chairman. Richard Feigen, who has chaired the group since flotation in 2012, will remain on the board as a non-executive director.
“Brendan has been the outstanding candidate from the outset and I’m delighted we have secured someone of his calibre to guide Utilitywise through its next phase of development,” said Thompson. “He brings with him significant experience of scaling up a leading, global enterprise-facing business and has an impressive track record of driving growth through innovation, which fits well with the culture we have forged at Utilitywise.
“I look forward to working with Brendan in my new role as executive chairman, which will enable me to focus on group strategy and key client relationships whilst remaining firmly involved in the business.”
In a trading update issued yesterday, Utilitywise reiterated that staff attrition had dragged on growth in the year to 31 July 2016, but said it expected to post revenue growth 18.7% to £82million.
Flattery said the firm had strong potential for further growth.
“This is an exciting time in the evolution of the group,” he said. “Although it has already made significant progress in building out its market leading procurement and energy services businesses, there remains considerable potential to generate further substantial growth across the group. I very much look forward to working with the very strong executive team to realise that potential.”