SmartSpace Software, a provider of ‘workspace management software’ for smart buildings, has this morning announced a number of changes to its board.
The company has appointed Bruce Morrison, who has over 25 years of commercial experience in finance strategy & accounting, fundraising, M&A and disposal, as chief financial officer from 27 November 2018.
Morrison was most recently group finance director at Bond International Software, where he led a successful divestment of all operations, with £55 million returned to shareholders.
He has held finance director and CFO roles at organisations in IT, media and leisure, including eight years as FD at Wembley Stadium. He then spent over three years with Radio First plc where he was involved in securing a multi-million-pound institutional investment and joint venture agreements for the operation of new radio stations on a digital platform.
“I am delighted that Bruce is joining the team at SmartSpace,” said CEO Frank Beechinor.”His breadth and depth of experience in the public markets and his finance and commercial background in running a SaaS software business will be a great addition to the team.
“Bruce has also stated his intention to take an element of his remuneration in shares, demonstrating his commitment to the business. Working with myself and Spencer, Bruce’s appointment significantly increases the bandwidth of the executive team.”
Spencer Dredge, formerly CFO at SmartSpace Software, moves to the position of chief operations officer and steps down from the main board of the company.
In his new role Dredge will continue to manage the final stage of the divestment of the Redstone business. He will also focus on the integration of the business units, driving operational efficiencies, as well as identifying and integrating further strategic acquisition opportunities.
The company has also appointed two advisers to its board: Steven Rodriguez, former COO at Nasdaq-listed rival Asure Software; and Ben Kepes, a technology analyst, commentator and a globally-recognised subject matter expert in the areas of cloud computing, enterprise technology and digital transformation.
Beechinor said: “These appointments ensure that SmartSpace has a senior management team that can deliver on its ambition to be a global leader in the workspace optimisation market.
“We have made no secret of the fact that we want to quickly grow an international business by both acquisition and organically, with these appointments, we have a team with the experience and knowledge to execute our plans.”