GTC Getech Group Plc

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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February 09, 2016 09:03 ET (14:03 GMT)

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