Daisy has appointed its CFO, Neil Thompson, as the new CEO as the IT services company enters its “next phase of growth.”
Thompson joined Daisy as CFO in 2021 from a previous position as CFO of the Manchester Airport Group, where he spent more than 15 years.
The new CEO is working with Daisy founder and chairman Matthew Riley to lead a “strategic review” of the business and outline its next phase of growth, Daisy said.
Daisy says Thompson has extensive experience in delivering growth to the executive and industrial sectors in both public and private business.
The cloud and communications retailer says it remains financially strong, with revenues of more than £ 350 million and EBITDA of £ 70 million in the last financial year.
Matthew Riley said: “We are excited to appoint Neil as CEO as Daisy embarks on the next stage of her growth path.
“Daisy is really in a good position to continue to grow and enable smarter IT, communications and cloud solutions for business in the UK.”
Neil Thompson added: “I am excited to be appointed CEO, working with Matthew Riley, ARES, Oakley Capital and everyone in the Daisy Group for the next phase of growth. This is an exciting time for the technology sector and there is significant growth opportunities. I really look forward to leading the team as we take Daisy to the next level, building her strong platform as a market leader in the UK. “
Daisy went through an 18-month split in 2019 and 2020, with its three channel businesses, Daisy Wholesale, Daisy Distribution and Daisy Worldwide, merging under a brand called Digital Wholesale Solutions.
It also covers the business with Daisy Partner Services as an independent company called Allvotec.
Daisy has been on the trail of mergers and acquisitions since the spin-off ended, acquiring Kent-based telecommunications services company Premier Choice Telecom and business broadband provider XLN Group in February 2021.