With the news that UKFast has formally split into two arms, two Managing Directors have been named for the new businesses. Current UKFast MD, Jonathan Bowers will be moving to the new Enterprise division, whilst Co-Founder Gail Jones will assume the role of UKFast MD.
UKFast’s Enterprise division has seen recent growth and already accounts for 43 per cent of UKFast’s turnover from 4 per cent of the customer base. UKFast itself is also seeing growth in cloud sales in recent years and posted turnover of £40 million in 2016-17 with EBITDA of £17.6m – up 10.6 per cent on the previous year.
Jonathan Bowers, the new UKFast Enterprise MD said, “in the past five years we have seen the business go from strength to strength. To continue this momentum, we’re taking the exciting step of splitting into two parts, to ensure that the clients of both areas get the care and attention they require.”
Lawrence Jones, UKFast CEO added, “for the last six months we have been recruiting for an MD for Enterprise and we’ve seen over 200 candidates, none of whom I felt were as well placed as Jonathan to take Enterprise division forward. He knows our customers incredibly well and understands our culture better than anyone. I realised the perfect scenario would be for Jonathan to take Enterprise and Gail to take the role of Managing Director of UKFast.”
Gail Jones, UKFast Co-founder and Managing Director said, “I am very excited to taking on the managing director role working closely with both Lawrence and Jonathan to continue to provide the greatest level of service in the industry. Across all our companies we’ve grown to more than the £50 million turnover mark and I am excited to take on one of those brands to ensure our customers get exactly what they need, whilst pushing the business to the next level.”
Lawrence Jones, UKFast CEO added, “there is no one in the business that knows UKFast better than Gail. She founded the business with me in 1999 and has been with me every single day since. She has all the traits that I value in a leader; she is patient, incredibly smart and she’s a great listener. I know that with Gail alongside Jonathan at the helm the two of them will make a formidable team.”