Public sector delivery provider Made Tech has announced the appointment of Deborah Lovegrove as its new CFO.
Lovegrove has over 25 years’ experience in finance. Previous roles include CFO and FD roles for organisations including Wavemaker (owned by WPP), Dentsu Aegis and GMTV (subsequently acquired by ITV).
Her role will see her work to continue Made Tech’s rapid growth, which has seen the company achieve an 89% compound annual growth rate over the past three years.
She will also be responsible for leading the finance operation in all areas, including accounting, treasury, financial planning and analysis, tax and investor relations and delivering financial and commercial support to the leadership team.
Her appointment follows Made Tech’s listing on the London Stock Exchange’s Alternative Investment Market in September, where it achieved a market capitalisation of approximately £180.7 million.
The company also raised gross proceeds of £85.4 million, which will be used to help facilitate the company’s next stage of growth, including opening new offices in Scotland, the Midlands, and the North of England; the introduction of new service lines; the expansion of the group within the health, defence, and local government markets; and the hiring of senior business leaders.
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“I am thrilled to join Made Tech at such an important time in the company’s evolution,” said Lovegrove.
“Made Tech has done great work for the UK public sector, has an impressive track record of growth, a strong business model and a proud history, all of which I’m looking forward to being a part of.
“I can’t wait to get started and work with the fantastic team here to execute the company’s priorities, accelerate growth and enhance value for shareholders and stakeholders.”
Rory MacDonald, CEO at Made Tech, said: “Deborah joins Made Tech at a time when we are going through a monumental and exciting evolution.
“Having recently become a publicly listed company, we want to continue our growth and enhance our offering to current and potential customers, providing the best service possible to the UK public sector and by extension, the public.
“Deborah will be at the heart of this, leading the charge from a financial standpoint, and we look forward to her getting started and becoming a key cog in the Made Tech wheel.”