New Non-Execs join Red Funnel Board

05-01-2018 - Red Funnel, the original Isle of Wight ferry operator, has announced a number of non-executive director appointments to its board. The appointments follow the acquisition of Red Funnel by a consortium of UK and Canadian pension funds in July 2017.

Kevin George, CEO of Red Funnel commented "We are delighted to have such a wide range of knowledge and experience joining our board that will unquestionably enhance the governance of the business as well as help guide the future strategy of Red Funnel over the coming years.

Our new shareholders have long term and exciting plans for the growth of Red Funnel and these non-executive board appointments will mean that the future direction and performance of the business are managed to the highest standards and ensure that the views of our stakeholders are considered in a balanced and informed way."

The new board appointments are: -

Chris Gray: A senior executive with almost 50 years' experience in the international shipping and transportation industry. Chris has held CEO positions with Contship, Hutchison Ports and since 2010 has served as Executive Chairman of the Noatum Ports Group.

Claire Locke: Claire is a former High Sheriff and Deputy Lieutenant of the Isle of Wight. Her background is in business and enterprise, although now she devotes her time to various charities and community matters, including the recent Isle of Wight Transport Infrastructure Task Force. She has a particular interest in youth opportunities and is Vice Chair of the Prince's Trust Enterprise Fellowship.

Anne Macartney: Anne has considerable UK and international commercial management experience within travel retail - airports, airlines, motorways, rail and ferries and within the UK domestic market across retail, catering and leisure sectors. Previous corporate experience at senior level as Commercial Director, Welcome Break Holdings, Buying & Merchandising Director World Duty Free and Purchasing Manager for Stena Line in Europe.

Ceri Richards: Ceri has spent over 35 years in finance, banking and construction. She started her career as an accountant working in the public sector before moving to spend some 22 years in banking across several sectors but primarily infrastructure, housing and energy. In 2011 she moved to a major construction company to run their investment and treasury functions. In 2016, Ceri decided to leave the company to pursue a number of individual interests in the infrastructure, housing and regeneration sectors.

Michelle Tilley: Michelle is a Chartered Fellow of the Institute of Directors and has been in the Infrastructure and Construction industries for more than 30 years, delivering projects as a contractor, as well as in client roles and with 12 years as a Board member. Her varied Board experience spans a variety of sectors, including energy, ports & marine, and construction, with significant expertise in the area of compliance, health and safety and in particular transformational change, in which Michelle has a Doctorate. Michelle is a Chartered Fellow of the Institute of Occupational Health & Safety, and of the Chartered Institute of Building as well as the Institute of Environmental Management and Assessment.

Patrick Seely: Patrick is the Managing Partner of Mooreland International LLP. He brings business experience in finance and technology. He has lived on the Isle of Wight nearly all his life and for nearly 20 years managed Dunsbury Farm in Brook. He has been very active in promoting stronger transport links to the Mainland and was a member of the recent Isle of Wight Transport Infrastructure Task Force.

Ed Wilson, Chief Investment Officer, Pensions Infrastructure Platform said "On behalf of the consortium of Red Funnel shareholders we are delighted to have been able to attract such a range of industry and community experience to the Board of Red Funnel. Each appointment brings their own specialist knowledge to the Red Funnel Board table so that we ensure good governance of the business and that strategy is set to meet a balance of both business and community objectives."


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