British cloud firm UKFast has announced the appointment of a new Chief Financial Officer (CFO), Catherine Greening. This move is part of the company’s ambitious five-year growth strategy.
The appointment follows recent investment by Inflexion Private Equity, valuing UKFast over 400 million pounds. Greening brings over 18 years of expertise in mergers and acquisitions (M&A) and private equity.
Experienced Leader Joins the Team
Catherine Greening joined UKFast five years ago and has played a key role in the development of the company. Her experience includes successful acquisitions in the cybersecurity and public sector cloud industries. These achievements underscore her capability to drive the firm’s growth strategy.
Strategic Transition for Future Growth
In her new role as CFO, Greening will be more involved in the day-to-day operations of the company. She aims to work closely with other directors to enhance business performance and capitalize on strategic investments. This transition represents a significant shift from her previous focus on one-off projects.
Background and Credentials
Greening’s appointment as CFO is timely, aligning with UKFast’s plans for an initial public offering (IPO) in the future. With Inflexion Private Equity as business partners, this remains a viable direction for the company. Her credentials make her a strong fit for this role.
Client and Employee Base
The company employs 350 people across these locations. This workforce is key to maintaining the high level of service and innovation that UKFast is known for. The firm’s commitment to its employees and customers underscores its ambitious growth plans.
Recent Developments and Future Plans
According to CEO Lawrence Jones, the company is excited about the opportunities uncovered during due diligence. With Greening and her team well-placed to accelerate growth, the future looks promising.
Quotes from Leadership
‘For a CFO, the mix of high sales growth and strong cashflow is hugely attractive,’ Greening noted. Her statement underscores the financial health and potential of the company. These elements make UKFast a compelling place to work and grow.
CEO’s Vision
Jones added that he is ‘hugely excited by the future, particularly the wealth of opportunities we uncovered during our due diligence.’ This optimism from the leadership sets a positive tone for the company’s future initiatives.
Conclusion
Greening’s appointment as CFO marks a pivotal moment for UKFast as it embarks on its next phase of growth. Her extensive experience and strategic vision are expected to drive the firm’s ambitious plans forward, making her a valuable asset to the leadership team.
UKFast’s decision to appoint Catherine Greening as CFO comes at a crucial juncture in its growth strategy. Her expertise in M&A and private equity aligns well with the company’s long-term goals.
With a strong client base and dedicated workforce, UKFast is well-positioned to achieve its ambitious five-year growth plan. The strategic investments and new leadership are set to propel the company towards future success.