Yu Group PLC
05 October 2026
5 October 2026
Yü Group PLC
("Yü Group", the “Company” or the "Group")
Director Changes
Yü Group PLC (AIM; YU.), the independent supplier of gas and electricity, and meter asset owner and installer of smart meters, to the UK corporate sector, is pleased to confirm the evolution of its Board following an extensive search process.
Caroline Bevan will join the Board today, 5 October 2026, as an independent non-executive Director and will Chair the Audit Committee. Caroline is an experienced non-executive Director with over 30 years’ experience including 10 years as a partner at PwC advising business owners and C-Suite leadership across listed and large privately owned businesses in a breadth of sectors. Caroline is a Chartered Accountant and Chartered Tax Advisor and brings extensive experience across finance, audit, tax advisory and sustainability.
John Glasgow, as previously announced, will retire from the Group today. John has served as an independent non-executive Director since the Group’s IPO in 2016, being an instrumental part of guiding the Group through its significant growth.
Tony Perkins has agreed to continue in his position as Senior Independent Director, deferring his retirement from the Group to support the orderly evolution of the Board.
Robin Paynter Bryant, Chairman, said:
“The appointment of Caroline Bevan as an independent non-executive Director gives the Group further strength in depth in its Board through an extensive network and experience base advising large businesses across the UK. I’m pleased that our thorough and detailed search process has identified such talent.
I reiterate my thanks to John Glasgow who retires after 10 years of supporting the Group in its phenomenal growth trajectory – having been part of the Board since IPO and when revenues have increased from c£20m to approaching £1bn.”
Bobby Kalar, Chief Executive Officer, said:
“I’d personally like to thank John Glasgow for his significant and unwavering support to myself, the Executive Committee and the wider business over the last 10 years. John has provided robust challenge with mentoring and coaching across a variety of activities, and will be missed on his retirement.
I am very pleased to welcome Caroline Bevan to the Board. Caroline’s experience in advising large groups, particularly as a Partner at PwC, is another step for the Group as we look to achieving our ambitious growth plans. We have a strong and robust Board who, I believe, are fully bought in to the Group’s ambitious strategy and agile approach, whilst providing mentoring and challenge as to appropriate risk management.”
Directorships - Disclosures required under Schedule 2 (g)
In accordance with schedule 2 (g) of the AIM Rules for Companies, Caroline Bevan (aged 53 years) holds or has held the following directorships and partnerships in the last five years:
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Current |
Past 5 Years |
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Mattioli Woods Limited |
PricewaterhouseCoopers LLP |
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The Harpenden Trust |
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Caroline Bevan holds no Ordinary Shares within the Company. There are no further disclosures to be made under Schedule 2 (g) of the AIM Rules for Companies.
For further information, please contact:
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Yü Group PLC Bobby Kalar Andy Simpson
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+44 (0) 115 975 8258
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Panmure Liberum Bidhi Bhoma Edward Mansfield Satbir Kler Gaya Bhatt
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+44 (0) 20 3100 2000 |
Notes to Editors
Information on the Group
Yü Group PLC is a leading supplier of gas and electricity focused on servicing the SME and corporate sector throughout the UK. We drive innovation through a combination of user-friendly digital solutions and personalised, high-quality customer service. The Group plays a key role supporting businesses in their transition to lower carbon technologies with a commitment to providing sustainable energy solutions.
Yü Group has a clear strategy to deliver sustainable profitable growth (in a £50bn+ addressable market) and value for all of our stakeholders, built on strong foundations and with a robust hedging policy. The Group has achieved a compound annual growth rate of c.47% over the last five years and has significantly improved margin and profitability performance. In 2023 the Group launched Yü Smart to support growth through new opportunities in smart metering installation, including through the ownership of smart meter assets to generate a recurring index-linked annuity income over a 15+year period.
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