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Microgen appoints Richard Holway non-executive director

04 October 2004  |  1173 views  |  0 Source: Microgen

With immediate effect, Mr Richard Holway is to be appointed a non-executive Director of Microgen plc, the information management solutions company. The Microgen Board of Directors will now comprise 3 executive directors and 4 non-executive directors. Mr Holway will also join the Board's Audit, Remuneration and Nominations Committees.

Mr Holway (57) started in computing in 1966 as a programmer, joined Hoskyns (now Capgemini ) in 1968 and progressed to join the board in 1979 as Group Marketing Director. In 1984, Richard was appointed Managing Director of Wootton Jeffreys before forming Richard Holway Limited in 1986.

Richard Holway Limited became the leading commentator on the UK software and IT services market and its constituent companies. The annual Holway Report was launched in 1988, followed by the monthly newsletter SYSTEMHOUSE in 1989 and the internet news service Hotnews in 1996. In November 2000 Richard Holway Limited was acquired by Ovum. Mr Holway serves on the Ovum board as a nonexecutive director and continues his role as one of the most respected analysts in the IT sector.

Mr Holway is one of the founding members of the Prince's Trust Technology Leadership Group, involved as a member of Intellect and a freeman of the Worshipful Company of Information Technologists. Mr Holway is also a General Partner of Elderstreet Capital Partners, a Special Adviser to BerwinLeightonPaisner - one of the leading corporate lawyers in the UK - as well as providing strategic advice to several leading IT services companies.

Martyn Ratcliffe, Executive Chairman of Microgen plc commented: "I am very pleased that Richard has decided to choose Microgen as his first quoted company nonexecutive directorship. Richard's extensive knowledge of the UK and European IT Services market, both public and private, and his contacts in our industry will undoubtedly assist in the further strategic development of the Group."

Commenting on his decision to join the Microgen Board, Richard Holway noted: "The pace of consolidation in the IT industry is increasing. Having completed five acquisitions in the last three years, Microgen has already demonstrated its ability to convert acquisitions into enhanced earnings performance; both a rare and key requirement for a successful consolidator. I look forward to joining the Board and assisting the management in continuing the strategy."

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