Softcat hires Domino’s Pizza man as NED ahead of IPO
Chartered accountant Ginsberg joins gravy train
Softcat has hired former Domino’s Pizza beanie Lee Ginsberg as non-exec director ahead of its long awaited flotation on the London Stock Exchange.
The Marlow-based biz is tipped to list next month with a valuation estimated to be between £400m to £500m, the first time a local reseller has floated in years.
Credit Suisse was previously hired to run the process along with investment bank Jefferies, and the management team has briefed institutional investors.
A Softcat filing at Companies House confirmed that Ginberg, a South African national, joins as NED.
The chartered accountant, who qualified at PWC, is also a NED at Trinity Mirror, Mothercare and Patisserie Holdings, and a non-exec chairman at Oriole Restaurants Ltd.
Softcat is filling the ranks of NEDs to serve on the finance and compensation committees that will be set up when the organisation goes public.
Typically, NEDs work several days in the year for an organisation to oversee exec compensation or to review the work of third party auditors.
Ginberg was CFO at Domino’s Pizza until April 2014, and has built up financial experience working in listed organisations.
Martin Hellawell, CEO at Softcat, was unable to comment on the expected IPO but told us he expects more NEDs to sign up. ®