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AIM newcomer eEnergy appoints Martyn Sheridan as sales director

By Josh White

Date: Tuesday 28 Jan 2020

AIM newcomer eEnergy appoints Martyn Sheridan as sales director

(Sharecast News) - Energy efficiency-as-a-service provider eEnergy Group announced the non-board appointment of Martyn Sheridan as its sales director on Tuesday.
The AIM-traded company said that in the new role, reporting to chief executive officer and co-founder Harvey Sinclair, Sheridan would manage and grow its sales channels.

It explained that he was bringing "considerable" industry experience to the group, and was joining from E.ON after eight years there, most recently as head of national sales for its energy solutions division.

While there, Sheridan reportedly worked across the large industrial and commercial supply area for major corporate clients including Virgin Media, Lucozade and DS Smith.

eEnergy said he helped "transform" E.ON's energy solutions offering by bringing together energy efficiency, energy generation, storage and demand-side response services.

It was now one of the UK's largest energy solutions businesses for large businesses, it added.

Sheridan's initial focus would be on developing new sales channels for eLight - the group's established energy efficiency-as-a-service business.

The business provides 'light-as-a-service' to commercial customers, helping businesses and schools switch to LED lighting for a fixed monthly service fee, with no upfront costs.

For customers, the energy savings would be higher than the monthly service fee, allowing them to unlock free cash-flow from the first day, as well as improve the quality of their lighting, and reduce carbon emissions by up to 80%.

Since 2013, eLight had developed a proven operating platform and both itself and its predecessor businesses had completed more than 800 client projects in the UK and Ireland.

eEnergy said Sheridan's appointment followed its admission to AIM in January, with the board implementing its growth strategy both organically and through acquisition.

The directors said they would invest in technology, new sales channels and additional resources to "substantially increase" revenue over the next three years.

They said their strategy was to develop eEnergy as a broader energy services company, and to acquire other businesses in the energy management sector.

"Since our successful flotation, we haven't stood still, as we aim to deliver our growth strategy," said CEO Harvey Sinclair.

"As such, we are delighted Martyn has joined us. He has managed, grown and developed sales teams, and comes with over 20 years of sales leadership experience.

"As well as supporting the continued growth of eLight, he will help with our plans to develop eEnergy as a broader energy services company and capture the significant growth opportunities there are in the €25bn per annum energy efficiency-as-a-service market."

Martyn Sheridan added that his appointment was an "exciting opportunity" to help build a "major new player" in the energy services market.

"The board has an ambitious strategy for the business.

"I am looking forward to working with the rest of the eEnergy team to achieve our goals in the rapidly growing energy efficiency market."

At 1555 GMT, shares in eEnergy Group were down 1.13% at 6.58p.

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