Glasgow cloud computing firm iomart has named a new chair.
The London-listed company, which provides managed IT services via a portfolio of data centres, welcomes Lucy Dimes to the non-executive role after Ian Steele opted not to stand for re-election.
Dimes has operated in senior executive positions in FTSE 100, FTSE 250 and private equity owned companies spanning telecoms, technology, business services and financial services.
She has substantial experience in complex, highly regulated international markets in product innovation, market entry, scaling for growth and expansion.
“I am delighted to be joining the board of iomart, a company I have admired for a number of years,” said Dimes.
“The UK does not have many home-grown technology businesses, and, over the last 20 years since its inception, iomart has evolved to become one of the UK’s largest and most successful independent providers of managed cloud computing services.
“I welcome this fantastic opportunity to work with Reece and the rest of the Board to help realise the company’s full potential in the future.”
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Dimes also sits on the board of Babcock International Group plc, the £4 billion turnover defence & aerospace group, and is an advisor to the automation and AI specialist software developer Intelygenz SA.
She previously sat on the Berendsen plc board, a £1bn turnover textile services business, before it was acquired by Elis SA in 2017.
CEO Reece Donovan said: “We are delighted to welcome Lucy as the new chair of the board of iomart. Her considerable experience and insight will be invaluable to us as we continue to pursue a successful growth strategy. I very much look forward to working with her in the future.”
Iomart, founded in 1998, employs 400 people.
After recently snapping up Yorkshire-based Concepta Capital in a deal worth a potential £14.5 million, it is eyeing acquisitions having secured a £100m credit facility at the end of last year.
Turnover for the year to the end of March fell by 8% to £103m, while pre-tax profits fell 2% to £12.2m. However iomart cut its debts by more than £13m to £41.3m in the period.