Wey Education PLC Directorate Change (9660H)
November 21 2018 - 1:01AM
UK Regulatory
TIDMWEY
RNS Number : 9660H
Wey Education PLC
21 November 2018
21 November 2018
WEY EDUCATION PLC
("Wey Education or the "Company" or the "Group")
Resignation of Executive Chairman
Appointment of Interim Chairman and CEO
Core trading healthy and liquidity strong
David Massie, the Executive Chairman of the Group has been
working part time recently, while he underwent and recuperated from
open heart surgery. Unfortunately, David has not responded to
treatment as well as hoped and following further complications, he
has today resigned from his position as Executive Chairman and as a
director of the Company with immediate effect.
Barrie Whipp, currently a non-executive director of the Company,
has agreed to take on the role of Interim Chairman while the board
considers its next steps. Jacqueline Daniell, a founder of
InterHigh and an executive director of the Company will assume the
role of Interim CEO. In the meanwhile, trading in the Group's
traditional original business and the recently expanded B2B
divisions remains strong and the Company's liquidity remains very
healthy.
David has been instrumental in driving the Group's development
as a leading provider of online education and its proposed
international expansion, along with the general management aspects
of his role. The Company thanks him profusely for his vision,
commitment and hard work.
Enquiries:
Wey Education Plc
Barrie Whipp (Interim Chairman) Tel: +44 (0) 7778 367999
WH Ireland Limited
Mike Coe/ Chris Savidge (Corporate Tel: +44 (0) 117 945 3472
Finance)
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END
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