News
Xchanging Aligns Board for Growth
15 Dec 2003
Xchanging, the UK's leading privately held support services company, has appointed Richard Houghton and Adele Browne as main Board Directors. Richard becomes CFO while Adele becomes Strategy & Commercial Director.
Richard Houghton, a co-founder of Xchanging led the creation and development of Xchanging's Human Resources and Procurement outsourcing businesses and most recently managed all of Xchanging's UK operations. Prior to joining Xchanging, he led Caradon's (now Novar) global industrial division. Prior to joining Caradon, Richard was a consultant with McKinsey & Company in their London Office. Richard graduated from Cambridge with a degree in Chemical Engineering and has an MBA from Harvard Business School where he graduated as a Baker Scholar.
Adele Browne, a co-founder of Xchanging, has over the last four years been responsible for shaping and structuring the commercial aspects of Xchanging's partner and customer arrangements. In addition Adele has been actively involved in raising capital to support the growth of the business. Prior to joining Xchanging Adele worked in Corporate Finance at Lazard Brothers where she advised many global companies including Glaxo on its hostile bid for Welcome, GE Capital on its recommended offer for CTR, Pearson on its disposal of Westminster Press, BAT on the demerger of its tobacco business and Tarmac on the demerger of its construction services business, Carillon. Adele is a Qualified Chartered Accountant having trained at PricewaterhouseCoopers.
Xchanging operates world class HR, procurement, customer administration and accounting & settlement services. It takes entire back-offices, specific functions, or particular business processes and turns them into a fit-for-purpose service. Clients include BAE Systems, Lloyd's, IUA, Heywood Williams, Novar.
David Andrews, Xchanging CEO, said: "Both Adele and Richard have impeccable credentials and track records of success in Xchanging. This is an exciting time for Xchanging as we experience strong growth across all our market sectors and the business model continues to deliver significant cost savings for our customers."