PRESS RELEASE

Efficio, the procurement experts, today announced the appointment of Roger Siddle as Non-Executive Chairman, to assist the senior management team.

Roger has a strong background in consulting, having been UK Managing Partner at Bain and Company between 2001-2007 and a senior member of the global Bain management team.  He has also been a successful Chief Executive of two public companies, Findel plc and BPP Holdings plc, and is currently chair of two other private equity portfolio businesses - Cordium, the regulatory compliance software and consulting business, and Estera, an offshore services provider.

Efficio are proven experts in their field and I am excited to be joining them as they grow their already highly successful business in new markets, through new channels and service offerings and through technology. In today's economic environment procurement has never been more important, and I look forward to assisting the senior Efficio team as they continue to develop their future strategy and maintain their strong growth trajectory.
Roger Siddle, Non-Executive Chairman at Efficio
Roger joins us at an important time for Efficio as we expand our business both geographically and through our eFlow technology platform. Roger's unique blend of skills and experience forged during his career make him the ideal Non-Executive Chairman for Efficio and we look forward to working with him as we implement our ambitious growth plans.
Jens Pedersen, Chief Executive Officer at Efficio

Roger Siddle - Biography

Until March 2015, Roger was the Group CEO of Findel plc, a multi-channel retailer operating across the business-to-consumer and business-to-business marketplaces. There he led a successful turnaround of the business, with performance improved significantly and net debt materially reduced. Prior to Findel, Roger was Group CEO of BPP Holdings plc (one of Europe's leading professional education providers) until its acquisition at a significant premium by the large US education business Apollo Group. He served as UK Managing Partner of Bain & Company, the leading global strategy consultants, from 2001 to 2007, having joined the business in 1990. Roger is also Non-Executive Chairman of regulatory compliance consulting and software business Cordium and Non-Executive Chairman of Estera, an independent fiduciary business. He is a Senior Corporate Adviser to the NSPCC and a member of their National Development Board.  He holds a BA in Mathematics from the University of Cambridge and an MBA from Harvard Business School

For more information, please contact:

Lindsay Vetch / Christian Mahne, Vetch Mahne +44 (0) 20 3488 3100 / efficio@vetchmahne.com
Marianne McAlindon, Efficio +44 (0) 20 7550 5677 marianne.mcalindon@efficioconsulting.com