LONDON (ShareCast) - (ShareCast News) - Managed IT services provider Redcentric announced the appointment of Chris Jagusz as its chief executive officer on Thursday - confirming he would start on 16 October - and updated the market on its trading for the six months to 30 September.
The AIM-traded firm said Jagusz has more than 25 years of experience in the telecoms and managed services industry, during which time he has reportedly built a track record of delivering growth and business transformation.

It said he has enjoyed a mix of both executive and consultancy roles through his career.

From September 2014 to August 2016, Jagusz was chief executive of Azzurri Communications, where he led a "transformation" of the business, refocusing on growth markets and driving margin and efficiency improvements prior to its sale.

Prior to that role, from July 2012 to September 2014, he was managing director of SSE Telecoms.

During that period, Jagusz reportedly drove the investment in advanced networks and products which served as the foundation for its growth in commercial markets.

Other executive roles in the telecoms and managed services industry include managing director at Daisy Group from February 2010 to August 2011, and a number of senior management roles at BT between 1988 and 2006.

"We are delighted to be able to announce the appointment of Chris as chief executive," said Redcentric chairman Chris Cole.

"He has an outstanding track record both in telecoms and as a business leader.

"The board [is] confident he is the right person to take Redcentric forward."

On the trading front, Redcentric said in the six months to 30 September it performed in line with management expectations.

The company said it continued to focus on delivering reliable services for its clients while improving the operations of the business.

In particular, good progress was said to have been made with reducing the net debt position to £33.3m, which was ahead of management's expectations.

The board said that was due to "strong" operating cash flows reflecting improved trade debtor collections and working capital management.

Redcentric said it would report its interim results on 29 November.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE