Yü Group director set for new role

Garry Pickering, chief operating officer and executive director at Nottingham-based utilities supplier Yü Group, is to step down from the company’s board with immediate effect.

Pickering will now take up a new role as director of trading services at the AIM-listed firm, enabling him to focus on hedging, risk management and operational forecasting and analysis activities.

He will also explore external development opportunities to expand the Group’s gas shipping services and other specialised energy trading-related solutions.

Bobby Kalar, chief executive of Yü Group, said: “Garry has been with the Group since before we listed on AIM and his specialist knowledge of the electricity and gas markets gained in over 20 years in the industry is invaluable. The Board is keen to leverage that knowledge for greater Group benefit and recognise that his skill set lies in the technical side of risk management and designing new services.

“I am delighted that the business will continue to benefit from his niche expertise in a role dedicated to manage risk, trading and hedging whilst also exploring new growth opportunities, including our gas shipping offering. Garry will remain an integral part of the team as we implement our strategy and focus on the key areas that will ensure our long-term profitable growth.”