LONDON (Alliance News) - Small business financing provider 1pm PLC on Thursday said its chairman will become its chief executive in 2016 and will be replaced as chairman by a non-executive director.
The company said Ian Smith, its current chairman, will become chief executive from February 2016, with John Newman, currently a non-executive director, to take over from Smith.
Shares in 1pm were up 1.1% to 67.20 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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