GETECH Group plc Board Changes (5499O)
10 February 2016 - 1:03AM
UK Regulatory
TIDMGTC
RNS Number : 5499O
GETECH Group plc
09 February 2016
GETECH GROUP PLC
("Getech" or the "Company")
BOARD CHANGES
The Board announces that Raymond Wolfson is stepping down as
Chief Executive Officer and director of the Company with effect
from no later than 31 July 2016. In the interim until a new CEO is
appointed Mr Wolfson will continue in the role of CEO and the
Chairman, Stuart Paton, will increase his level of day to day
involvement.
Mr Wolfson was appointed CEO of Getech in 2007 having been a
non-executive director since it started trading as a separate
company in the year 2000. Following his resignation as CEO, Mr
Wolfson will take on the role of Commercial Director which will be
a non-board position and will provide continuity for the new CEO,
as well as advice and support on a range of matters including
commercial, financial, regulatory and contractual.
Stuart Paton, Chairman said "The Board is extremely grateful to
Raymond for his outstanding contribution and commitment over many
years. He has been a key part of the growth of the company
following its spin out from the University of Leeds in 2000. The
Board will now actively seek a replacement and considers that, for
the next stage in the Company's development, a person with direct
industry experience and knowledge is required. A specialist
recruitment agency has been exclusively retained for this
search.
I have very much valued working with Raymond during my time at
Getech and have the highest regard for him. I am very pleased that
he will continue to provide invaluable support to the Company after
stepping down as CEO."
A further announcement will be made when a new CEO is
appointed.
Enquiries:
Getech Group plc Tel: 0113 322 2200
Stuart Paton, Chairman
WH Ireland Limited Tel: 0161 832 2174
Katy Mitchell
Liam Gribben
This information is provided by RNS
The company news service from the London Stock Exchange
END
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