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LONDON - UK IT managed services provider Redcentric plc (AIM:RCN) announced Tuesday the appointment of Tony Ratcliffe as Chief Financial Officer and Executive Director, effective immediately.
Ratcliffe brings over 25 years of senior financial management experience with technology and service companies across AIM and Nasdaq markets. His background includes work in healthcare, software, and materials science sectors.
Most recently, Ratcliffe served as CFO of SourceBio International, where he led the company’s AIM IPO and a restructuring that reportedly contributed to a fourfold increase in revenues and improved profitability over a two-year period.
A qualified Chartered Accountant who trained with KPMG, Ratcliffe also holds an MBA from Heriot-Watt University in Edinburgh.
Michelle Senecal De Fonseca, CEO of Redcentric, stated in the press release: "Tony has many years’ experience in growing technology companies and driving shareholder value, which will bring valuable expertise to Redcentric."
The company disclosed that Ratcliffe was previously a director at Metalysis Limited until March 2020. Metalysis was placed into administration in June 2019 following the collapse of its principal shareholder, one of the Woodford funds. The administration process concluded in June 2021 with approximately £5 million outstanding to creditors.
Redcentric describes itself as a leading UK IT managed services provider. The company is listed on London’s AIM market.
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