Directorate Change
CEO Phil Meyers and CFO Pieter Hurter stepping down; Founder Barrie Whipp to become Interim Executive Chair
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Crimson Tide plc (TIDE), the provider of the mpro5 process management app, announces the following Board changes.
A proposal has been received by the Board from the Founder, Barrie Whipp, to step in as Interim Executive Chair of the Company. This appointment has been agreed by the Board, subject to completion of customary due diligence for the purposes of the AIM Rules.
Phil Meyers has informed the Board that he will be stepping down as Chief Executive Officer and Board Director of the Company with immediate effect.
Pieter Hurter has informed the Board that he will be stepping down as Company Secretary and Chief Finance Offer and has agreed to continue in the role until the Crimson Tide AGM in June 2025.
Luke Jeffrey has informed the Board that he will be stepping down as Director with immediate effect but will continue to have a repositioned role within the Company.
A further announcement will be made to confirm the appointment of Barrie Whipp in due course following the completion of the necessary due diligence.
James Joyce, Senior Independent Director at Crimson Tide commented: "I would like to thank Peter and Phil for their respective contributions to Crimson Tide and extend my sincere thanks on behalf of all the directors."
| Crimson Tide plc | +44 1892 542444 |
| Jacqueline Daniell/James Joyce | |
| Cavendish Capital Markets Limited (Nominated adviser and Broker) | +44 20 7220 0500 |
Julian Blunt / Dan Hodkinson - Corporate Finance
Andrew Burdis - Corporate Broking
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.