Board & Committees
Influential business people with a passion for technology
The UK Corporate Governance Code (the “Code”) requires the Company to have an effective Board whose role is to develop strategy and provide leadership to the Company as a whole, as well as ensuring a framework of controls exist which allow for the identification, assessment and management of risk, ultimately taking collective responsibility for the success of the Company.
Through the leadership of the Chairman, the Board sets the Company’s strategic goals; ensuring obligations to shareholders are met. Matters reserved for a decision of the Board include approval of Group strategy, annual budgets and business plans, acquisitions, disposals, business development, annual reports, interim statements, and any significant funding and capital expenditure plans. The Board meets regularly, usually monthly, to discuss and agree on the various matters brought before it, including the trading results.
Chief Executive Officer
Angus started his first business selling telephony systems in 1984. Since selling his first business he has established, grown and sold 5 more profitable concerns in the telecoms and internet sector. In December 1998, Angus founded iomart and has been the driving force behind the Group’s strategic development.
Angus' contributions to the commercial sector were formally recognised in 2004, when he received the prestigious Glenfiddich Spirit of Scotland Business Award.
Ian Ritchie has an impressive background in technology enterprise. Currently Chairman of Computer Application Services Ltd, Caspian Learning Ltd, Connect Scotland, and Scapa Technologies Ltd he is also a past President of the British Computer Society. Ian was founding chairman of several technology companies, including Voxar Ltd (now part of Barco Ltd), a world leader in visualisation solutions for medical markets, Orbital Software Group plc (now part of Sopheon plc), Digital Bridges Ltd. (now part of Oberon Inc) and Sonaptic Ltd (now part of Wolfson Microelectronics plc), the leading audio technology development company.
Bruce joined the iomart group in February 2008. He was previously Finance Director and Company Secretary for the UK Conference, training and exhibition businesses of IIR. Bruce is a member of the Institute of Chartered Accountants of Scotland.
Chief Operations Officer
Sarah has spent her career implementing and managing operations centres for large corporations such as Microsoft Inc, Compaq Inc, Scottish Power and Prestel Limited. She joined iomart in 1998, from Scottish Telecom.
Sarah has Board and managerial responsibility for the group's hosting businesses - iomart and Easyspace.
Group Finance Director
Richard was Finance and Commercial Director of Kingston SCL for 10 years during which time he engineered a management buy out and subsequent trade sale.
He has also held the posts of Finance Director with ePOINT Group and The Interactive University and Group Treasurer of Ben Line. He is a member of the Institute of Chartered Accountants of Scotland. Richard joined iomart in 2006.
Non Executive Director
Chris was Finance Director of Unipalm plc, the first internet company to IPO and stayed with the company for 5 years following its takeover by UUnet. He was CFO of Searchspace until 2005 and is currently a non executive director of SDL plc, DRS Group plc, The Risk Advisory Group and Betfair.
He has also served on the boards of Staffware plc, DBS Management plc ant The Invesco Techmark Enterprise Trust plc. Chris joined the iomart group Board in 2005.
Non Executive Director
Originally from Scotland, Crawford Beveridge CBE has over 40 years experience in the technology industry, including 16 years at Sun Microsystems ("Sun"), most recently as Executive Vice President and Chairman, EMEA, APAC and the Americas until retiring in January 2010. His business background also includes roles with Hewlett-Packard, Digital Equipment Corp., Analog Devices and Chief Executive of Scottish Enterprise. Current board roles include Non Executive Chairman of Hitachi Global Storage Technologies, a subsidiary of Hitachi Ltd, Chairman of the investment advisory board at Scottish Equity Partners and Non Executive Chairman of NASDAQ listed Autodesk. Crawford was awarded a C.B.E. (Commander of the Order of the British Empire) in the Queen's New Years Honours list in 1995.
Role of the Chairman and Chief Executive Office
The Code requires that there should be a clear division of responsibilities between the running of the Board and the executive responsible for the Company’s business, so as to ensure that no one person has unrestricted powers of decision. The Chairman is responsible for the leadership of the Board, ensuring its effectiveness and setting its agenda.
Once strategic and financial objectives have been agreed by the Board, it is the Chief Executive Officer’s responsibility to ensure they are delivered upon
To facilitate this, the Chief Executive Officer chairs the Group’s Operations Boards which additionally comprises the other executive directors and, where appropriate, senior members of the management team. The day-to-day operation of the Group’s business is managed by these Boards. The iomart Group Board has established three committees, the audit committee, the remuneration committee and the nominations committee. Membership of both the audit committee and the remuneration committee is exclusively non-executive.
The Audit Committee
The Audit Committee’s role is to assist the Board with the discharge of its responsibilities in relation to the internal controls and external audits. The Audit Committee will normally meet at least three times a year.
The Remuneration Committee
The Committee has responsibility for making recommendations to the Board on the remuneration packages of the Executive Directors.