LONDON (Alliance News) - 21st Century Technology PLC Friday said it has appointed Russ Singleton as Chief Executive Officer and Glenn Robinson as Group Finance Director, with Chairman Mark Elliott continuing to oversee a review of the company's businesses and strategy before he reverts back to being non-executive chairman.
Wilson Jennings, who has been with the CCTV provider for 14 years as chief financial officer and then chief executive, will step down from the board immediately, but will stay will the company for up to three months to handover.
Singleton was formerly CEO of Quadnetics Group, where he oversaw a five-fold increase in revenues and substantial profits organically and through acquisitions, 21st Century said. Robinson worked with Singleton for a time at a Quadnetics subsidiary, before both men went on to form Coretrol Ltd, it added.
"Russ brings an impressive record of building small-to-mid scale security businesses which will be particularly valuable to 21st Century in our next stage of growth," Elliott said in a statement.
21st Century shares were up 6.7% at 6 pence Friday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1
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