Pinnacle Telecom Group plc, the provider of integrated telecommunications solutions to the SME market, has announced that Graham J Duncan has informed the Board that he believes that the time is now right for him to step down as Non-Executive Chairman of the Company with effect from the conclusion of the Pinnacle Annual General Meeting (“AGM”) to be held on 29 March 2009.
Commenting on his decision Graham stated: “A great deal has been achieved in 2009 and I believe that, on a personal front, it is also time for change particularly as the group has now reached month-on-month profitability. I have therefore decided to step down from the Chair and from the Board and I will not be seeking re-election at the forthcoming AGM.”
The Company is pleased to announce that William Allan has agreed to join the board as Non-Executive Chairman with effect from the conclusion of the AGM. Bill, aged 56, was the former CEO of Thus Group plc from February 1999 to September 2008. Thus was one of the largest independent alternative network carriers in the UK until it was acquired by Cable and Wireless plc in September 2008. Prior to his role at Thus, Bill also worked for Cable and Wireless for 26 years and he has significant experience in the telecom space.
Commenting on the proposed board changes Alan J Bonner, the Company CEO, commented “I would like to thank Graham for his invaluable assistance and his wise counsel, I am very glad that I will continue to be able to access his services as an important consultant and mentor to the group. I believe the combination of Graham and Bill will be of tremendous value to the business and I look to the future with great optimism.”