Timico, the managed cloud service provider based in Newark, has announced the appointment of managed IT specialist Neville Davis to the new position of non-executive chairman.
An entrepreneurial business leader with over 20 years’ experience as a chief executive, including 12 years at a quoted company, Davis has a particularly strong track record in scaling and developing private-equity backed companies, having chaired and grown other tech businesses to in excess of £300 million turnover and 1500 employees.
His appointment follows a £50 million investment in Timico by growth investors Lyceum Capital in February 2017.
As well as his new appointment at Timico, Davis also currently chairs private equity-backed IT companies Peppermint Technology and Clifford Thames, as well as travel management company Key Travel, and is also non-executive director of Kalibrate. His previous chairmanships also include SecureData, Fourth, Trustmarque (now part of Capita), Ascribe and Amor.
Timico CEO Ben Marnham said: “Neville’s considerable experience in managed IT and more than 20 years as a successful CEO will be a real asset to Timico. I am looking forward to working closely with him to drive forward our Managed Cloud Service Provider (MCSP) strategy and to deliver real value to our clients as we support them on their digital transformation journey”.
Davis said: “I am excited about the strategic journey Timico is taking and its approach to simplifying its clients’ IT infrastructure with a range of innovative, consumption-based IT solutions. I am confident that I can make a significant contribution, helping the team realise its ambition in the UK mid-market”.
Simon Hitchcock, non-executive director and partner at Lyceum Capital, added: “Neville has an excellent track record in leading private-equity backed technology businesses and really understands the dynamics and challenges of delivering on strategy in our highly competitive and driven environment. We are delighted to welcome him on board”.