Simon Moore (53) is an independent Non-Executive Director and the Company’s Chairman.
In addition to chairing the Board, he is Chair of the Remuneration Committee and a member of the Audit Committee and the Strategy Committee.
Mr Moore has over 25 years’ experience within a variety of strategic, advisory, executive and non-executive roles in a number of sectors. He is particularly experienced in finance matters, having worked in the banking industry for a number of years (following a commission in the British Army).
Mr Moore’s work in strengthening the Group’s governance was recognised at the 2018 QCA Awards by the award of Non-Executive Director of the Year.
Mr Moore is also chairman of Cambridge & Counties Bank and chairman of Al Rayan Bank PLC.
John Ponsonby (63) is an independent Non-Executive Director and the Chair of the Strategy Committee. He is also a member of the Audit Committee and the Remuneration Committee.
He is an experienced senior executive within the aerospace industry having been the managing director of Leonardo Helicopters UK (the AgustaWestland business).
Mr Ponsonby has an extensive background in the organisation, delivery and commercialisation of technical training: prior to his appointment as managing director, he was the senior vice-president for global customer support and training for AgustaWestland and, before moving into industry, was the Air Vice-Marshal commanding the RAF’s training group.On account of this significant expertise in training delivery, Mr Ponsonby has been appointed (on a short-term basis) to Chair the Aviation Skills Partnership, guiding its ongoing expansion and the operationalisation of its model. This entails an additional time commitment of two days per week. Mr Ponsonby was appointed to the Board on 1 April 2018.
Philip Cotton (59) is an independent Non-Executive Director and the Chair of the Audit Committee. He is also a member of the Remuneration Committee and the Strategy Committee.
Mr Cotton, a Fellow of the Institute of Chartered Accountants in England and Wales, is a former KPMG partner with extensive experience of working with businesses in the defence and aerospace sectors (with audit clients including various BAE Systems group companies, Agusta Westland (now Leonardo Helicopters), Airbus UK, Eurocopter UK (now Airbus Helicopters), Rotork and VT Group).
Mr Cotton is also the Chair of Governors of Solent University and chairs the Audit Committee of World Sailing.
Philip Walker (39) is the Group’s Chief Executive Officer. He joined Pennant in 2014 as Chief Financial Officer, being promoted to CEO in February 2017. Mr Walker is a chartered accountant and qualified corporate finance professional.
Prior to joining the Company, Mr Walker worked for Grant Thornton UK LLP and Barclays Bank Plc. At Grant Thornton, he led numerous corporate finance transactions (both buy side and sell side) and developed and implemented strategic plans for a number of businesses.
While at Barclays, Mr Walker worked with businesses with a turnover of between £5 million and £50 million, focusing on debt structuring, including working capital, investment, trade finance and the restructuring of facilities. He provided structuring advice on various types of corporate transactions.
Since joining Pennant, Mr Walker has brought this experience to bear in driving the review, renewal and implementation of Group strategy while successfully leading two equity fund-raisings and the acquisition of ASP.
Mr Walker is responsible for the day-to-day running of all Group businesses and the execution of Group strategy. He is a member of the Strategy Committee.
David Clements (39) is the Commercial & Risk Director. He joined the Group in June 2017 and was appointed to the Board in October 2017.
He is a practising solicitor with extensive experience in corporate and commercial law and practice, gained advising AIM-quoted and private companies particularly in the engineering, manufacturing and software sectors. Prior to joining Pennant, he was with the law firm Charles Russell Speechlys.
As Commercial & Risk Director, Mr Clements is responsible for commercial, risk management, administrative and infrastructure functions across the Group, seeking to ensure the Group’s legal and commercial position is appropriately protected.
Mr Clements also acts as Company Secretary to all Group companies, advising the Chairman on corporate governance matters and being available as a ‘sounding board’ for other Directors. Mr Clements works closely with the Company’s nominated adviser to ensure proper management of investor relations, company law and AIM compliance. He is experienced on public company regulatory compliance and Takeover Code matters. Mr Clements is a member of the Strategy Committee.
Gary Barnes (52) is the Group’s Finance Director.
Mr Barnes joined Pennant in 1997, initially as Financial Controller, later being promoted to Head of Finance following his long-time effective co-ordination of financial reporting, budgets, forecasting and audit liaison throughout the Group.
Mr Barnes was appointed to the Board as Finance Director on 1 April 2018 and has operational oversight of all financial matters across the Group. He leads the Company’s relationships with its auditors, bankers, pension scheme administrators and insurers. Mr Barnes is a member of the Strategy Committee and routinely attends the Audit Committee.
Directors’ interests in the Company
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* includes Ordinary Shares held by the Director’s spouse and children
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