MGR.L Share News (MGR)

(ShareCast News) - Fund management company Miton Group announced on Friday that its sales and marketing director Ian Chimes has resigned from the group and will step down from the board immediately.The AIM-traded firm said it has already begun a search for an experienced, senior individual whose role will encompass both distribution and marketing responsibilities and who exhibits proven leadership skills."This development gives us the opportunity to recruit a senior leadership candidate who will make a significant contribution to growing our business, in particular by extending our distribution strategy in an increasingly dynamic and fast changing marketplace," said chairman Ian Dighé.He said the group had evolved significantly over the last five years and had spent recent months reviewing the board's composition."I intend to move into a non-executive role shortly and Gervais Williams, managing director, will become the group's senior executive director in order to facilitate the new appointment."