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Fulcrum Utility Services - Directorate Change

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("Fulcrum" or the "Company")

Directorate Changes

Fulcrum Utility Services Limited, the UK's market leading independent multi-utility infrastructure and services provider, announces the appointment of Jennifer Babington as Non-Executive Director with effect from 1 May  2020.

Jennifer joins the board with extensive experience in law, finance and industry.  Having commenced her career as a corporate finance lawyer at Norton Rose Fullbright, she later moved into the renewable energy and infrastructure sector as Legal Counsel of Element Power Limited, a UK-based based renewables company, overseeing their wind and solar developments in northern Europe. Following this, Jennifer served as the Chief of Staff at the UK Green Investment Bank, the UK Government's green investment fund, established to commercialise green investments in the United Kingdom and was responsible, amongst other things, for advising its Chief Executive on strategy. Jennifer is currently Operations Director and General Counsel of Virgin Racing Limited (trading as Envision Virgin Racing Formula E Team).

Jennifer has a Master's degree in Jurisprudence from Oxford University.

The Company also announces that Wayne Hayes, Non-Executive Director, will be retiring from the Board with effect from 30 April 2020. Wayne joined the Board in February 2018 when the Dunamis Group was acquired. Wayne's lifetime of experience building and maintaining electrical infrastructure has proved invaluable as the Company has developed its multi-utility and electricity business. For personal reasons, Wayne is retiring from all business activity, however, he has agreed to continue to support the Board, following his retirement, as a Special Adviser during this challenging period.  

Phil Holder, Fulcrum's Chairman, said:

"I am delighted to welcome Jennifer to the board as a Non-Executive Director. Her breadth of experience will further enhance the board, its independent judgement and will support the Group through the current short-term uncertainty and will complement the next phase of strategic development and growth.   Jennifer's specialist knowledge in the renewables sector and green investments space is particularly exciting and will assist the Group in capitalising on the significant long-term electrical opportunities available to us as the UK decarbonises its energy.

I would also like to thank Wayne for his significant contribution since he joined the Board. It has been a pleasure to work with him and to benefit from his knowledge, and we appreciate his continued support during these unprecedented times. We wish him a long and happy retirement with family and friends."