TIDMOMG
RNS Number : 4107F
Oxford Metrics PLC
10 July 2023
10 July 2023
Oxford Metrics plc
("Oxford Metrics", the "Company" or the "Group")
CEO Succession
Oxford Metrics plc (LSE: OMG), the smart sensing software
company, servicing life sciences, entertainment and engineering
markets, is pleased to provide details of an orderly CEO transition
process that will be implemented over the coming months.
The Board is delighted to announce the appointment of Imogen
Moorhouse, longstanding leader of the Group's Vicon division, as
CEO of Oxford Metrics plc with effect from 1 October 2023. This
appointment follows the selection of Nick Bolton, current Oxford
Metrics CEO, to be the next CEO of Ordnance Survey, the UK's
national mapping agency.
During her 22 years at Vicon, Imogen has gained increasing
levels of responsibility, culminating in her appointment as Vicon's
CEO in 2012. Initially recruited in 2001 as the Sales Engineer for
Vicon's Asia Pacific Life Sciences business, she was promoted in
2005 to serve as Sales and Support Manager for Vicon's business
outside the Americas. She subsequently rose to become Managing
Director of Vicon with complete P&L responsibility for its
operations outside the Americas. She was appointed CEO of Vicon in
2012 and has held the position ever since, growing the business
both organically and through acquisition to over 170 people today.
Following the disposal of Yotta in 2022, Imogen has been CEO of the
entirety of Oxford Metrics' trading operations and has been
integral to the development and implementation of the Group's
current five-year strategic growth plan.
In order to ensure a smooth transition, Imogen will shadow Nick
on all Group-related CEO activities over the coming months.
Imogen's appointment will follow the completion of the required
regulatory due diligence by the Company's Nomad.
Roger Parry, Non-Executive Chair, said:
"Although it is sad to see Nick go after so many years of
excellent service, we congratulate him on his new appointment and
wish him well in the role. Nick has been pivotal to the growth and
development of our Group for many years and has partnered with
Imogen in many of the initiatives that have contributed most to our
success. Given her significant experience of our business, of the
markets we operate in and the culture we cherish, the Board is
delighted to welcome Imogen to her new broader role at Oxford
Metrics. We are very fortunate to have such a natural internal
successor to take us forward as we continue to execute successfully
against the five-year plan for growth."
Nick Bolton, CEO of Oxford Metrics, commented:
"It has been an honour to lead Oxford Metrics over the last 18
years and to see smart sensing and analysis successfully deployed
by our great team in so many amazing applications. Anyone who knows
me knows how passionate I am about the opportunity for Oxford
Metrics and I have every confidence in Imogen's ability and passion
to lead this great team. She has played a central role in our
firm's growth and strategic direction, and in delivering the
strongest ever first-half performance just reported. I will be her
loudest champion as she takes the business forward."
Imogen Moorhouse, CEO of Vicon and CEO designate of Oxford
Metrics, said:
"Having been with Oxford Metrics for 22 years, the last 11 as
CEO of Vicon, I'm delighted to take up the position as CEO of the
Group. We're on a mission to create a Group focussed on expanding
market opportunities by extending, enhancing and embedding what we
already do best for over 10,000 customers worldwide.
Oxford Metrics has been at the forefront and intersection
between the digital and physical world since inception and with AI
front of mind this is only going to get more exciting. We're making
good progress in executing against our five-year plan, supported by
buoyant demand across all market segments and I'm energised to lead
our global team forward at this exciting time."
For further information please contact:
Oxford Metrics +44 (0)1865 261860
Nick Bolton, CEO
David Deacon, CFO
Numis Securities Limited +44 (0)20 7260 1000
Simon Willis / Hugo Rubinstein / Tejas
Padalkar
FTI Consulting +44 (0)20 3727 1000
Matt Dixon / Emma Hall / Jamille Smith
Notes
-- Current Oxford Metrics plc financial year runs to September 30th 2023
-- A trading statement from the company will be issued in October following the year end
-- A Capital Markets Day is planned for October 2023
-- Preliminary Results are expected to be released in December 2023
-- The company's next Annual General Meeting will be held in February 2024
About Oxford Metrics
Oxford Metrics develops software that enables the interface
between the real world and its virtual twin. Our smart sensing
software helps over 10,000 customers in more than 70 countries,
including all of the world's top 10 games companies and all of the
top 20 universities worldwide. Founded in 1984, we started our
journey in healthcare, expanded into entertainment, winning an
OSCAR(R) and an Emmy(R), then moved into defence and engineering.
We have a track record of creating value by incubating, growing and
then augmenting through acquisition, unique technology
businesses.
The Group trades through its market-leading division: Vicon.
Vicon is a world leader in motion measurement analysis to thousands
of customers worldwide, including Guy's Hospital, Industrial Light
& Magic, MIT and NASA.
The Group is headquartered in Oxford with offices in California,
Colorado, and Auckland. Since 2001, Oxford Metrics (LSE: OMG), has
been a quoted company listed on AIM, a market operated by the
London Stock Exchange. For more information about Oxford Metrics,
visit www.oxfordmetrics.com
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