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Board & Committees

Influential business people with a passion for technology

The Board

The UK Corporate Governance Code (the “Code”) requires the Company to have an effective Board whose role is to develop strategy and provide leadership to the Company as a whole, as well as ensuring a framework of controls exist which allow for the identification, assessment and management of risk, ultimately taking collective responsibility for the success of the Company.

 

Through the leadership of the Chairman, the Board sets the Company’s strategic goals; ensuring obligations to shareholders are met. Matters reserved for a decision of the Board include approval of Group strategy, annual budgets and business plans, acquisitions, disposals, business development, annual reports, interim statements, and any significant funding and capital expenditure plans. The Board meets regularly, usually monthly, to discuss and agree on the various matters brought before it, including the trading results.

The Board

The UK Corporate Governance Code (the “Code”) requires the Company to have an effective Board whose role is to develop strategy and provide leadership to the Company as a whole, as well as ensuring a framework of controls exist which allow for the identification, assessment and management of risk, ultimately taking collective responsibility for the success of the Company.

 

Through the leadership of the Chairman, the Board sets the Company’s strategic goals; ensuring obligations to shareholders are met. Matters reserved for a decision of the Board include approval of Group strategy, annual budgets and business plans, acquisitions, disposals, business development, annual reports, interim statements, and any significant funding and capital expenditure plans. The Board meets regularly, usually monthly, to discuss and agree on the various matters brought before it, including the trading results.

Reece DonovanChief Executive Officer
Reece DonovanChief Executive Officer
Scott CunninghamChief Financial Officer
Scott CunninghamChief Financial Officer
Andy McDonaldCompany Secretary
Andy McDonaldCompany Secretary
Ian SteeleNon-Executive Chairman
Ian SteeleNon-Executive Chairman
Karyn LamontNon-Executive Director
Karyn LamontNon-Executive Director
Angus MacSweenNon-Executive Director
Angus MacSweenNon-Executive Director
Richard MastersNon-Executive Director
Richard MastersNon-Executive Director
Andrew TaylorNon-Executive Director
Andrew TaylorNon-Executive Director

Reece Donovan

Chief Executive Officer

Reece has over 23 years' experience in the technology and telecommunication industries, with a demonstrable track record of achievement in roles both in the UK and internationally.

He joined iomart as Chief Operating Officer in March 2020 and took over as Chief Executive Officer in October 2020.

Reece joined iomart from Nomad Digital, a provider of IP connectivity and digital solutions to the global transportation sector, where he was Chief Executive Officer.
Previous positions include Senior Vice-President Global Services for CSG International, a provider of software solutions to over 400 customers located in 120 countries, and management and operational roles across the technology, communications and consumer packaged goods industries at Steria plc, Xansa plc and Druid plc.

Scott Cunningham

Chief Financial Officer

Scott has over 25 years’ experience in the accounting and finance profession.
He was Group Finance Director of AIM listed InterBulk Group plc for nine years before the group was successfully sold to Den Hartogh in March 2016.
Before this he held a number of positions within the Clyde Blowers portfolio including Group Financial Controller for the Clyde Bergemann Power Group from 2003 to 2006 and more recently was an Investment Director at Clyde Blowers Capital.
Scott is a member of the Institute of Chartered Accountants of Scotland, having qualified with Arthur Andersen in 1995.

Andy McDonald

Company Secretary

Andy joined iomart in April 2010 and is currently the Group’s Director of Finance which includes the role of Company Secretary.

Previous to this he held a number of senior financial roles in the organisation, including Group Financial Controller for Operations.

Prior to joining iomart, Andy worked in professional practice. He is a member of the Institute of Chartered Accountants of Scotland.

Ian Steele

Non-Executive Chairman

Ian has a wealth of experience in the finance and corporate advisory sector. During a 16-year career with Deloitte LLP, he undertook roles within corporate finance and global advisory services. He sat on the UK board of Deloitte LLP for over 8 years.

Ian is a member of the Council of the Institute of Chartered Accountants of Scotland.
He is a Non-Executive Director of STV Group plc and Killinchy Aerospace Holdings Limited.

Karyn Lamont

Non-Executive Director

Karyn is a chartered accountant, formerly a partner with PwC, and has over 25 years’ experience in providing a range of audit and advisory services within the financial services sector.

Karyn is also a non-executive director at the Scottish Investment Trust Plc, North American Income Trust Plc and the Scottish Building Society.

Angus MacSween

Non-Executive Director

Angus founded iomart in December 1998 having established and sold a number of businesses in the telephony and internet sectors following a successful career in the Royal Navy. These included Prestel, an online information division of BT, which he turned into one of the U.K.’s first internet service providers. He also spent two years on the executive of Scottish Telecom plc where he was responsible for the development of the company's internet division.

Following iomart’s flotation on the London Stock Exchange in 2000, Angus spearheaded its growth. His vision saw the company invest in its own data centres and network infrastructure, and develop relationships with the world’s largest technology vendors, establishing iomart as one of the major providers of managed hosting and cloud services to UK business.

Angus retired as Chief Executive Officer of iomart in October 2020. He remains on the Board as a Non-Executive Director.

Richard Masters

Non-Executive Director

Richard has over 30 years’ experience in the legal profession and was managing partner with McGrigors LLP until April 2012 when it merged with Pinsent Masons LLP. After the merger and until June 2015 he was Head of Client Operations for Pinsent Masons LLP, which was a main Board executive position, and then held a non-executive role through to May 2016.

Richard is currently the Executive Chairman of Complete Electronic Risk Compliance Limited (Cerico), a Pinsent Masons LLP subsidiary, and has held this role since June 2016.


Andrew Taylor

Non-Executive Director

Andrew joined the iomart board in August 2021 as a Non-Executive Director. His remit was to bring additional sector skills to support the execution of the Group's refreshed medium term strategic plan.
Andrew brings with him more than 25 years’ experience in the telecommunications industry and has a demonstrable track record both in the UK and internationally. He is currently the CEO of Gamma Communications plc, a leading provider of unified communication services to the business market in Western Europe.

Role of the Chairman and Chief Executive Office

The Code requires that there should be a clear division of responsibilities between the running of the Board and the executive responsible for the Company’s business, so as to ensure that no one person has unrestricted powers of decision. The Chairman is responsible for the leadership of the Board, ensuring its effectiveness and setting its agenda.

Once strategic and financial objectives have been agreed by the Board, it is the Chief Executive Officer’s responsibility to ensure they are delivered upon

To facilitate this, the Chief Executive Officer chairs the Group’s Operations Boards which additionally comprises the other executive directors and, where appropriate, senior members of the management team. The day-to-day operation of the Group’s business is managed by these Boards. The iomart Group Board has established three committees, the audit committee, the remuneration committee and the nominations committee. Membership of both the audit committee and the remuneration committee is exclusively non-executive.

The Audit Committee

The Audit Committee’s role is to assist the Board with the discharge of its responsibilities in relation to the internal controls and external audits. The Audit Committee will normally meet at least three times a year.

The Remuneration Committee

The Committee has responsibility for making recommendations to the Board on the remuneration packages of the Executive Directors.

Role of the Chairman and Chief Executive Office

The Code requires that there should be a clear division of responsibilities between the running of the Board and the executive responsible for the Company’s business, so as to ensure that no one person has unrestricted powers of decision. The Chairman is responsible for the leadership of the Board, ensuring its effectiveness and setting its agenda.

Once strategic and financial objectives have been agreed by the Board, it is the Chief Executive Officer’s responsibility to ensure they are delivered upon

To facilitate this, the Chief Executive Officer chairs the Group’s Operations Boards which additionally comprises the other executive directors and, where appropriate, senior members of the management team. The day-to-day operation of the Group’s business is managed by these Boards. The iomart Group Board has established three committees, the audit committee, the remuneration committee and the nominations committee. Membership of both the audit committee and the remuneration committee is exclusively non-executive.

The Audit Committee

The Audit Committee’s role is to assist the Board with the discharge of its responsibilities in relation to the internal controls and external audits. The Audit Committee will normally meet at least three times a year.

The Remuneration Committee

The Committee has responsibility for making recommendations to the Board on the remuneration packages of the Executive Directors.