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Home > Investor Relations > Announcements
Announcements

CSF Group plc (AIM: CSFG), a leading provider of data centre facilities and services in South East Asia and the largest provider of data centre services in Malaysia, today announces the following board changes.

Adrian Yong, currently Chief Executive Officer will step down with immediate effect due to personal health reasons.

In addition, Ting, Heng Peng (‘Dato’ Ting’), currently Non-Executive Chairman of CSF will temporarily move to Non-Executive Director. Phil Cartmell will assume the role of interim Chairman for a six month period.

During this time, Phil Cartmell will be responsible for overseeing the appointment of a new Chief Executive Officer and executive management structure whilst ensuring the Company’s commercial and strategic development remains unaffected. Phil will be supported by a committee (“the committee”) which has been formed to manage the day-to-day operations of the Company. The committee, which will include sales, operations and finance divisions, will be headed by Michael Leong, Director of Corporate development. Michael Leong will report directly to Phil Cartmell and the board of directors.

Full year results for the year ended 31 March 2013 and an update on the strategic review being undertaken by the Company will be announced in early August 2013.

Dato’ Ting, Chairman of CSF commented:

“I would like to personally thank Adrian for his tireless contribution to CSF over the last 4 years.  He was instrumental in both bringing the Company to AIM and expanding our operations over South East Asia.  We wish him well in all his future endeavours.

I would also like to thank Phil Cartmell for agreeing to become Chairman in order to oversee the recruitment of our new Chief Executive Officer.  Phil brings a wealth of commercial experience and is best placed to manage this process.”

For further information:

 

CSF Group

Phil Cartmell, Chairman

via Buchanan

Cenkos Securities (Nominated Adviser & Broker)

Bobbie Hilliam / Elizabeth Bowman

+44 (0)20 7397 8900

Buchanan

Jeremy Garcia / Gabriella Clinkard

www.buchanan.uk.com

+44 (0)20 7466 5000