Board of Directors

Inspired Energy PLC’s Board of Directors is responsible for overseeing the Group’s strategies for growth and monitoring the performance of these. The Board specifically focus on business development, growing shareholder value, corporate governance and strategy. It comprises of four Executive Directors, responsible for the leadership of The Board, and three Non-Executive Directors, all of whom bring a broad and varied range of commercial experience.

Corporate Governance

The Directors are committed to maintaining high standards of corporate governance. This statement sets out how the Board has applied the principles of good corporate governance in its management of the business in the year ended 31 December 2016, relevant to the Group’s size and complexity. The Group is not required to follow, and does not claim compliance with, the UK Corporate Governance Code. Nevertheless, the Board is committed to high standards of corporate governance which it considers are critical to business integrity and to maintaining investors’ trust.

In applying the principle that the Board should maintain a sound system of internal control to safeguard shareholders’ investments and the Group’s assets, the Directors recognise that they have overall responsibility for ensuring that the Group maintains proper accounting records and a system of internal control to provide them with reasonable assurance regarding effective and efficient operations, internal financial control and compliance with laws and regulations. However, there are inherent limitations in any system of internal control and, accordingly, even the most effective system can provide only reasonable, and not absolute, assurance particularly against misstatement or loss.

As might be expected in a group of this size, a key control procedure during the period was the day-to-day supervision of the business by the Executive Directors.

Audit Committee

The Board has established an audit committee compromising of Michael Fletcher, Richard Logan and Mark Dickinson, with Richard Logan as chairman.

Remuneration Committee

In addition, the Board has established a remuneration committee that comprises of Michael Fletcher, Mark Dickinson, Richard Logan with Michael Fletcher as chairman.

Nomination Committee

The Board has established a nominations committee compromising of Mark Dickinson, Michael Fletcher and Richard Logan, with Richard Logan as chairman.

Mark Dickinson

Chief Executive Officer

Country of Residence:UK

Mark Dickinson joins the Board as Chief Executive Officer. Mark is an energy consultancy specialist with over 20 years’ experience of developing and advising companies in the sector.  Mark was CEO of M&C Energy Group where he led the buy and build strategy completing four acquisitions before selling the company to Schneider Electric in 2012.

He brings significant industry knowledge coupled with experience in executing acquisitions and has a Masters in Finance from the London Business School where he was voted Accomplished Entrepreneur of the Year in 2012.

Matthew Thornton

Sales Director

Country of Residence:UK

Matthew has more than 16 years’ experience of the energy markets. He established the risk management division of Inspired Energy in 2005, which now manages in excess of 4.5TWh of gas and power annually. Matthew works very closely with major suppliers in the development of innovative buying solutions to ensure market leading energy supply and trading agreements for the growing portfolio of clients.

The Risk Management team provides trading solutions and procurement strategies for clients whose energy supplies have a contracted spend in excess of £1 billion. The team continue to maintain market leading retention rates for clients and during 2014 the team won major new accounts including Norbert Dentressangle, Formica Group and FM Conway.

Paul Connor

Finance Director

Country of Residence:UK

Paul Connor was appointed Finance Director in December 2014. Paul joined the company as Head of Finance in September 2013, leading the day-to day finance function of the business and working closely with the Board, successfully supporting David Foreman, who since AIM admission had worked as Finance Director on a part time basis. Paul qualified as a chartered accountant in 2009, before going on to hold senior finance positions within two growing national legal services providers, Weightmans LLP and Forster Dean Limited, during a period of rapid change within the sector.

Michael Fletcher

Non-Executive Chairman

Country of Residence:UK

Mike is a co-founder and managing partner of Praetura Capital LLP, a business specialising in venture investment and corporate advisory, which was incorporated in 2011. Mike sits on the board of a number of Praetura Capital’s investments including PIB Limited, EC3 Brokers, Praetura Asset Finance Limited, Artorius Holdings Limited, Starcount Pte Limited and Myparceldelivery Holdings Limited. Mike is also a non-executive director of Fairpoint Group Plc (FRP.L).

Mike was previously a managing director of investment bank Altium Capital Limited. He has over 15 years’ experience in mergers and acquisitions and corporate finance, advising public companies, private equity houses and entrepreneurs. He is a Chartered Accountant, having completed his training with PwC in 1999 and is both FCA and SRA approved.

Richard Logan

Non-Executive Director

Country of Residence:UK

Richard Logan is a chartered accountant with 30 years’ experience of working in industry. He is the finance director of cloud computing company iomart Group plc (AIM: IOM), a position he has held since 2006.

Prior to that, having qualified with Ernst & Young in 1984, he has held senior roles with Ben Line Group, a shipping and oil company, and Kingston SCL Limited, a provider of mobile phone billing software where he was involved in a private equity backed management buyout and subsequent trade sale.

Richard holds a BA in accountancy from Stirling University and in 2013 was Smaller Quoted FD of the Year at the FD’s Excellence Awards.

Gordon Oliver

Non-Executive Director

Country of Residence:UK

Gordon Oliver is the Group Finance Director of James Halstead plc, (AIM: JHD) a major international group of companies that manufacture commercial and contract flooring, a position he has held since 1999.

Gordon qualified with KPMG in 1982, following which he held positions at BPB Industries plc and Johnson & Firth Brown plc before joining the James Halstead Group in 1987 as Group Financial Controller.

Gordon is chair of the nominations committee and a member of the audit committee, chaired by Richard Logan.