We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

Paul Williams appointed CFO of Synety Group

New CFO joins after AiM-listed company 9 months on from change of its name

Article comments

London’s AiM-listed Synety has named Paul Williams at its new CFO.

The Leicester-headquartered cloud software business confirmed the move on Tuesday. The company’s primary product offering allows businesses to integrate telecommunications into their existing software.

Synety has undergone significant changes since last year. The group was formerly known as Zenergy Power. However, over the course of last year it divested its cleantech business and assets and acquired Synety Ltd. Then on 26 September, it changed its name and corporate branding to Synety Group.  

That same month, shareholders approved a 20:1 consolidation of the ordinary share capital. As a result, the number of shares in issue immediately after the consolidation was 3,452,969 ordinary shares. A further 1,477,106 ordinary shares were issued as initial consideration for the acquisition of Synety Ltd bringing the current issued share capital to 4,930,075 ordinary shares.

Synety’s results for year ended 31 December, 2012 show a significantly reduced loss of £1,706,000 compared to £20,570,000 the year before. The loss included the residual costs of £390,000 incurred in exiting the cleantech business.


Recommended Articles


Paul Williams appointed CFO of Synety Group
People Management

Is the CFO still the sole sacrificial lamb when a company struggles?

Is the CFO still the sole sacrificial lamb when a company struggles?

Tesco's announcement today that boss Philip Clarke is to leave proves that's no longer the casemore ..

Engineer Babcock International promotes group FD

Its financial controller of 12 years will step up to be the new group FD as Bill Tame becomes CEO of the international divisionmore ..

Tesco ex-FD appointed Morrison’s next chairman

Andrew Higginson served as finance director at Tesco for 15 yearsmore ..

ITV appoints new non-executive as it enters next phase of transformation

Mary Harris joins the board raising the total number of women on the board to threemore ..

Ten tactics to unleash the potential of Generation Y in finance

Most CFOs are Baby Boomers or Generation X-ers – the difference in mindset is hugemore ..

What's the role of the finance chief in a takeover bid?

With Pfizer's possible takeover of Astrazeneca in the spotlight we take a look at how pivotal the CFO is in such a dealmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..


* *