AT Comms Shakes up the Boardroom

The Board of AT Communications has announced the following changes to its composition which they say will enable it to better meet the challenges it faces over the short and medium term.

John Standen recently appointed as a Non-Executive Director and prospective Chairman has been confirmed as ATC’s new Chairman with immediate effect. This follows on from Gerry Spencer, the Group’s former Chairman, recently announcing his intention to step down from the Board. Although it was intended that Gerry would step down at the AGM, the Board felt that the change would be more effective if brought forward.

In addition, Michael Norris has been appointed as a Non- Executive Director. Michael, who qualified as a Chartered Accountant with Price Waterhouse, has significant senior management, banking and venture capitalist experience and has worked extensively with both quoted and unquoted companies.

Finally, Richard Carter, the Managing Director of the recently disposed Rocom division will step down from the Board with immediate effect.

The executive directors have opted to waive their bonus entitlement for 2008 and the Remuneration Committee will be reassessing executive remuneration for 2009, by benchmarking the group against comparable public companies.

Commenting on the Board changes, John Standen Chairman of AT Communications, said:
“Following the sale of Rocom and the resulting repositioning of the business and Gerry’s wish to retire from his position, we have taken the opportunity to review and restructure the board and ensure it has the appropriate balance and representation for the business going forward. The Board would like to take this opportunity to thank Gerry and Richard for their contributions and welcome Michael.”

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