LONDON: eEnergy Group PLC (AIM: EAAS) announced the appointment of John Gahan as chief executive officer, effective immediately, ending a three-month interim period that began after the previous CEO’s resignation in May.
Gahan, who previously served as chief financial officer, stepped into the interim role after Harvey Sinclair left the company by mutual agreement. The board confirmed it will not fill the CFO position at this time, with financial management responsibilities to be handled by existing staff.
“On behalf of the board, I would like to thank John for taking the reins of the business at short notice in May and providing stability at a turbulent time,” Chairman John Samuel said in a statement. “We are pleased to confirm his appointment to the role of chief executive officer.”
eEnergy, which designs and installs energy-saving and energy-generating solutions for customers, is a leading supplier to the U.K. education sector and has a growing presence in healthcare, including the NHS, as well as commercial and industrial clients. The company offers LED lighting, solar PV, battery storage and EV charger installations. For customers seeking funding rather than upfront capital expenditure, eEnergy arranges third-party financing to cover investment costs while ensuring immediate cash savings.
The appointment comes after a period of board turnover for the AIM-listed company. Gahan had been leading a restructuring effort that the company said in June would reduce annual operating costs by nearly a third, generating approximately £2 million in annualized savings.
