Directorate Change

Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company pioneering best-in-class, specialist neonatal intensive care medical devices, announces the following board changes.

Neil Campbell will step down as CEO of Inspiration Healthcare on 30 May 2024 and become a Non-Executive Director of the Company. He will formally leave full time employment with the Company at the end of June and become a consultant to the business as a Global Advocate supporting key relationships and business development opportunities. Neil has been with the Group for over 20 years having been one of the original founders of Inspiration Healthcare and was appointed as CEO of the Group in June 2015.

At the request of the Board, Roy Davis, Non-Executive Chair is to become Executive Chairman and Interim CEO of the Company.

Roy brings a wealth of commercial experience in medical devices companies and has a proven track record of successfully scaling companies and delivering substantial value for shareholders. His expertise includes delivering sales growth strategies, transforming business operations, enhancing operational efficiency, and increasing productivity to yield higher profits. He has held leadership positions at a number of publicly quoted med tech companies, including as Non-Executive Chair at Medica Group plc, a leading UK tele-radiology company until its acquisition by IK partners for £269m in 2024. He was also CEO of Optos plc, a leading retinal imaging device manufacturer from 2008 to 2016 until its sale to Nikon for $400 million in 2015 and CEO of Gyrus Group plc, a leader in minimally invasive surgery and visualisation, until its acquisition by Olympus Corporation in 2008 for $1.9 billion.

Commenting on the change, Roy Davis, Executive Chairman said:

"Neil has played an important role over the last 20 years in founding the business, as a dedicated member of the Inspiration team and as Board member. I would like to thank Neil for his tireless commitment to the business and look forward to his continued involvement as a Non-Executive Director and advisor going forward. In becoming Executive Chairman and Interim CEO I look forward to working with the team to help Inspiration Healthcare on the next stage of its journey and to achieving its full potential."

Neil Campbell commented:

"I am pleased to be able to transition from an executive to a Non-Executive role with Inspiration Healthcare. While the business has experienced some challenges in recent times, I am incredibly proud of what we have achieved from start-up 20 years ago to where it is today. I look forward to being able to continue to contribute to the business as a Non-Executive Director."

The Board will keep shareholders updated on the process to appoint a permanent CEO in due course.