UK Power Reserve appoints new CFO

EX-CITIBASE finance director Jon Addis has been recruited as chief financial officer of energy supplier UK Power Reserve.

This is a new role for the independent energy operator which is looking to expand across the country.

Addis (pictured) qualified at Arthur Andersen and prior to his most recent role as FD of Citibase  was M&A director at Hydrex, which offers equipment to rail and plant workers such as cranes. He has also worked in investment divisions having previously been regional head at international bank Lloyds Development Capital and as an investment director at Royal Bank Private Equity.

Addis said: “The ambitious growth plans reflect the opportunities afforded by the emerging market conditions in the UK – where UKPR is ideally positioned.”