Directorate Change
CFO and COO roles split; Andrew Holden to step down as CFO and Board member, remain as COO.
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Bytes Technology Group, one of the UK and Ireland's leading software, security, AI and cloud services specialists, announces that, following an assessment of the roles required to support the Company's next phase of growth, the Board decided to split the currently combined roles of Chief Financial Officer and Chief Operating Officer, held by Andrew Holden.
As part of this change, Andrew will be standing down as Chief Financial Officer once a suitable replacement has been appointed, at which date he will step down from the Board. Thereafter, he will remain with the Company and transition into the role of Chief Operating Officer.
The Board has commenced a process to recruit a new Chief Financial Officer and a further announcement will be made in due course.
Patrick De Smedt, Chair, said: "On behalf of the Board, I am grateful for Andrew's contribution to BTG, including as Chief Financial Officer and Board member. We are pleased that we will be retaining his longstanding knowledge of the business and deep operational experience, and look forward to working with him in his continuing role as Chief Operating Officer once we have found a new Chief Financial Officer."
listing on the Johannesburg Stock Exchange.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.