Boardroom moves at Inspired

Kirkham-based energy procurement consultant Inspired Energy has announced several boardroom changes including a new non-executive chairman.

Mike Fletcher is stepping down from the role following nine years’ service on the board.

He will be succeeded by Richard Logan, who is currently an independent non-executive director.

Inspired has also announced that Sangita Shah will be joining its board as a non-exec director.

Mike Fletcher’s retirement is in line with the Corporate Governance Code. He will leave the position after the group’s AGM on June 30.

Richard Logan will continue to chair Inspired’s audit committee, however the board will start a process to identify someone to take over that role later this year.

Sangita Shah is the non-executive chair of AIM quoted companies Bilby Plc and RA International Group plc, lead board director of NASDAQ listed Forward Industries Inc and a director of the Quoted Companies Alliance.

She has extensive experience in corporate finance, journalism and senior consultancy.

And she has also held senior roles within blue chip organisations, including Unilever, Mars, Ernst & Young and KPMG.

A former board director of Swindon Town FC she is past President of the Chartered Institute of Journalists and has also been a consultant to a number of organisations including HM Cabinet Office and HSBC.

Mark Dickinson, Inspired’s chief executive, said: “On behalf of the board and all at Inspired Energy, I wish to thank Mike for his invaluable contribution to the group’s achievements to date.

“A board member since float, Mike’s capital markets experience and deal structuring capability were instrumental in delivering the IPO and helping the company to execute the initial phase of its buy and build strategy, with the group having completed 19 acquisitions since joining AIM.

“Since becoming non-executive chairman in 2016, Mike has successfully guided the company through its transition from being predominantly founder owned and managed, to a business today with a significantly larger market capitalisation, and an evolved and diverse share register with supportive institutional investors.

“Mike has been a trusted and valued mentor to the executive team, providing strong support and guidance throughout the Covid-19 pandemic.”

He added: “Richard Logan has made an invaluable contribution to the board to date, and we are delighted that he has agreed to become non-executive chairman to oversee the next phase of the group’s evolution.

“We are pleased to welcome Sangita to the board. Sangita has varied and extensive experience complementing the skill sets of our existing non-executive board members.

“The Board looks forward to benefitting from the knowledge and experience Sangita will bring as we work towards another year of significant growth and development.”