BiP Solutions announces new members of Executive Board
31 July 2009
BiP Solutions – which provides cutting-edge solutions and services to deliver added value to supply chains – has announced changes to the membership of its Executive Board, effective from 1 August 2009.
Joining the Executive Board as Non-Executive Directors will be Alan Stewart and Jim McPhillimy. They will replace Duncan Eaton and Norman Rose, who have served on the Executive Board since its inception in 2007. Mr Eaton remains with BiP Solutions in the role of Chair of its newly formed Strategic Advisory Board, while Mr Rose will continue as a member of the Editorial Advisory Team for BiP’s Government Opportunities magazine.
Alan Stewart , 53, is a senior executive at Cenkos Securities plc’s newly formed Scottish office. His career started with KPMG in 1977 where he qualified as a Chartered Accountant and worked in audit and corporate finance. He moved into investment banking in 1988 and joined Cenkos in April of this year. Founded four years ago, Cenkos already acts for 111 Stock Exchange companies and was voted AIM broker of the year in 2008. Mr Stewart’s areas of specialism include Energy and Technology and he is also a Non-Executive Director of Thistle Pub Co II plc and Thistle Pub Co III plc. He has advised many companies, from both the UK and abroad, on flotation and other aspects of the various UK stock markets. His particular focus at BiP Solutions will be to assist in guiding the company through the financial aspects of its continued development.
Mr McPhillimy, 45, is Group Services Director for Scottish and Southern Energy (SSE), a FTSE 100 listed company with nearly 17,000 employees based in Perth, Scotland. His joined SSE in 1995 and is a Chartered Mechanical Engineer. Previously he was HR Director and formerly Head of Operations in Scotland for the same organisation. Mr McPhillimy is also Chairman of one of Scottish Enterprise’s five Regional Advisory Boards (Tayside), and is also Chairman of Southern Electric Trustees Ltd. His experience in HR and governance will be particularly useful as BiP continues to expand.
BiP’s Executive Board comprises of four appointees from its Board of Directors and up to three Non-Executive Directors, who are appointed on a one-year term with the option of a one-year extension. The remit of the Executive Board includes directing and overseeing the Board of Directors, determining the company’s strategy and ensuring it adheres to its stated mission, purpose and values.
To create a strong and sustainable platform for growth, BiP has made a large-scale investment in its new Medius HQ, its IT infrastructure, product development and staff training. The Executive Board, along with the Strategic Advisory Board, is another important component of this platform.
Commenting on the new appointments, BiP Solutions CEO Ron Burges said: “The Executive Board plays an essential role in BiP’s success, and has been very well served by both Duncan Eaton and Norman Rose, to whom we are grateful for the commitment and effort they have demonstrated on the company’s behalf. Our new Non-Executive Directors will build upon that work, and bring their considerable experience and expertise to bear as the company continues to expand. BiP can only benefit from having such high-calibre people serving on the Executive Board, and I look forward to working with them.”
Further information on BiP Solutions’ Board structure can be found at www.bipcorporate.com/about/directorprofiles/
