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Network Provider ITS Technology Appoints New Chief Financial Officer

Monday, September 11th, 2017 (4:22 pm) by Mark Jackson (Score 233)
its technology group 2016

The ITS Technology group, which has built and manages a mix of fibre optic and fixed wireless broadband networks across the United Kingdom, has today appointed Carl Kameen (43) to be its new Chief Financial Officer (CFO) in order to help them “keep up with an increased market demand and uptake.”

Apparently Carl, who joins following a recent investment by Maven Capital Partners and the appointment of Daren Baythorpe as ITS’s new Managing Director, has previously held senior financial management positions at Speedy Hire Plc, Alkane Energy plc and EY.

Elsewhere ITS have also appointed two senior sales leaders. Firstly, they’ve scooped up Darren Thompson from Gigaclear and he will be tasked with driving sales activities in ITS’ South West networks and across the exclusive Bristol City Council concession network. He will also be responsible for ITS’ full fibre and wireless networks across Gloucestershire and Buckinghamshire.

Meanwhile Brett Marshall will assume responsibility for direct and partner sales across the company’s network footprint in Nottingham, via the City Council’s exclusive concession agreement. In addition, Brett will be growing network assets and customers based around Derby and Leicester. He joins ITS from Cityfibre and brings with him over 20 years’ of experience.

Roy Shelton, CEO of ITS Technology, said:

“We are delighted to welcome Carl as Chief Financial Officer. As we enter the next phase of growth, Carl will be a great addition to the team in order to drive and add further value to our business.

Darren and Brett’s arrivals along with the strengthening of our back office and support team, is well-timed and planned as we continue to meet and address the growing demand for our services across the UK.”

The company is due to publish their next batch of accounts by the end of this month. The previous one was made up to 31st December 2015 and thus doesn’t tell us much about more recent developments or progress.

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2 Responses
  1. David P

    No surprise ITS are growing- like many AltNes taking advantage of the short comings of the larger providers and the government funding .
    Interesting moves with strengthening the team with the CFO from Tel listed companies, the MD from Openreach and now senior folks from other Altnets- makes you wonder what is next for ITS ( move funding or listing?)

  2. Fred the Red

    The Alt Net market cannot continue on its current course. Whilst I agree competition is great for the end buyer, the market must surely consolidate and we are already seeing that with M247, CityFibre and Warwicknet. Looks like ITS have also been shopping and scaling via M&A over the past few years- I suspect with new funding and new senior faces, there will be more growth.
    I am curious as to how they managed to attract the Ex MD of Openreach and two sales managers from major Alt Net to join them. One to watch I suspect.

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