George Elliott joined the board of IndigoVision as a non-executive director on 1 June 2017 and was appointed non-executive chairman on 1 July 2017. George is also chairman of AIM-quoted (GE) Craneware PLC (CRW), the market leader in software and supporting services for healthcare providers in the US and Calnex Solutions Ltd, Cooper Software Ltd, Optoscribe Ltd and Visionware Ltd. He has extensive boardroom experience in private and public technology companies in an executive and non-executive capacity. He was formerly Chief Financial Officer of Wolfson Microelectronics plc, then a leading UK-listed global provider of high performance mixed-signal semiconductors to the consumer electronics industry.
Pedro Simoes was initially appointed as the Company’s Senior Vice President – Global Sales in October 2017. Pedro took over as interim Chief Executive Officer in November 2017 and was confirmed as CEO in January 2018, at which time he was appointed to the Board. He is an experienced global sales leader in the security industry, with over 13 years experience in the sector, and prior to joining the Group he spent nearly six years with Avigilon Corporation (TSX: AVO) where he was ultimately responsible for leading its Global salesforce and driving revenue worldwide.
Chris was appointed a Director on 19 May 2016, as Company Secretary on 31 May 2016 and took up his full time role as Chief Financial Officer on 4 July 2016. Chris was previously Finance Director and Company Secretary of then AIM-listed Superglass Holdings PLC (AIM:SPGH), the UK’s only independent manufacturer of glass and mineral wool insulation, prior to the sale of the company to Inflection Management Corporation in July 2016. Previous to this Chris was Chief Financial Officer for Aviagen Europe, the world’s largest poultry breeding company. Chris spent 15 years with KPMG, holding various roles within their audit and corporate finance businesses. He holds a BSc (Hons) from Nottingham University and is a member of the Institute of Chartered Accountants in England and Wales.
Martin Pengelley was appointed to the board of IndigoVision in 2014 as an independent non-executive director. Martin qualified as a Chartered Accountant with Ernst & Whinney before joining Wood Mackenzie, a predecessor firm of Deutsche Bank, in 1984. Martin worked in UK Corporate Stockbroking with Deutsche Bank AG for almost 30 years before retiring at the end of 2013. Martin is also a director of DB Trustee Services Ltd, the trustee company of the Deutsche Bank UK pension schemes, and Paddock Wood Community Advice Centre.
Max Thowless-Reeves was appointed to the board of IndigoVision with effect from 1 June 2017. Max is the founder of Multi-family Office Sorbus Partners LLP, Executive Chairman of DivideBuy – one of the fastest growing fintech firms in Europe and a Visiting Teaching Fellow at Aston Business School.
He is a Chartered Fellow of the Chartered Institute for Securities & Investment (CISI), for whom he also acts as an External Specialist for their Advanced Wealth Management programme. He has an MBA from Warwick Business School.
The Board has delegated the following responsibilities to the Audit Committee:
- To assist the Board in meeting its financial reporting responsibilities
- To ensure that the Group’s published financial statements comply with all applicable statutory requirements and accounting standard
- To review the interim and annual financial reports of the Group
- To review the effectiveness of internal financial controls and make recommendations where necessary
- To communicate with the external auditors and review their audit findings
- To review the performance of the auditors
- To advise the Board on the appointment and remuneration of the external auditors
Martin Pengelley is the chairman of the Audit Committee and both George Elliott and Max Thowless-Reeves are members. Chris Lea is the Secretary of the Audit Committee.
The Board has delegated the following responsibilities to the Remuneration Committee:
- Reviewing the performance of the Executive Directors
- Setting the pay, bonuses and other remuneration of the Executive Directors
- Allocating share options together with any attached performance targets to Executive Directors and employees
Max Thowless-Reeves is the Chairman of the Remuneration Committee. George Elliot and Martin Pengelley are members. Chris Lea is the Secretary of the Remuneration Committee.