PE specialist joins Timico as Non-Executive Chairman

Timico has appointed tech-driven PE specialist Neville Davis as Non-Executive Chairman.

He brings 20 years experience as a chief executive including 12 years at a quoted company, and has a strong track record in scaling and developing private equity backed companies having chaired and grown other tech businesses to in excess of £300m turnover and 1,500 employees.

The appointment follows a £50m investment in Timico by growth investors Lyceum Capital in February 2017 as part of Timico's plans for growth and to finance future selective acquisitions.

Davis also currently chairs private equity-backed IT companies, Peppermint Technology and Clifford Thames, as well as travel management company Key Travel. He is also Non-Executive Director of Kalibrate.

Previous chairmanships include SecureData, Fourth, Trustmarque (now part of Capita), Ascribe and Amor.

Ben Marnham, CEO of Timico, recently led a programme of change to reorganise the business around a single Timico brand and service model, honing its strategy and new proposition as an end-to-end Managed Cloud Service Provider in the IT and cloud space in preparation for its next stage of growth.

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."

Davis added: "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, noted: "Neville understands the dynamics and challenges of delivering on strategy in our highly competitive and driven environment."