Simon Nash, New Cresatech CEO

Cresatech, today announced the following changes to its executive management team in order to support of its next phase of growth:

Paul Mumford steps down from the role of Chief Executive Officer with effect from 20th April 2015. He will remain on the board and take up a new role of New Market Development Director, with responsibility for broadening Cresatech’s commercial base into new markets.

Simon Nash takes up the role of CEO and will be responsible for growing the core business. Simon takes on the role after serving two years as the group CFO.

Simon Jarvis continues in the role of CTO, leading the development of Cresatech’s products and services offering

Simon Nash, said, “Paul has done a tremendous job as a founder of the company and has been instrumental in securing its early commercial success in core markets.  I am delighted to be taking on the challenge of leading the business through its next phase of growth.”

John Wybrew, Chairman, commented, “These management changes constitute an important shift in our strategy following the successful development and trials in collaboration with the industry. We have started to build a strong core business in the electricity sector and I am confident that Simon will be a driving force behind our next stage of growth.  At the same time, it is also critical that we extend Cresatech’s reach for its products and services into new markets and Paul has both the experience and skillset required to build the foundations for our future success in these areas.”

About Cresatech

Cresatech is the recognised leader in safety and outage management monitoring technology for grounding infrastructure.  Its active 24/7 monitoring solution provide alerts and other information directly to the network operator’s operations team whenever the monitored infrastructure becomes compromised through theft or damage.  Its unique patented technology was sponsored by, and developed in collaboration with the electricity distribution industry as a direct response to the lack of appropriate technology available. As a result, it is the only technology capable of delivering the operational, safety and risk mitigation benefits demanded by the industry.

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