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(Alliance News) - Redcentric PLC said Tuesday Chair Chris Cole intends to stand down from his role, once a suitable successor has been found.
Cole has been the chair of the IT service management firm for five years.
Senior Independent Director Steve Vaughan will lead the process to find Redcentric's new chair.
"On behalf of the board and all at Redcentric, I would like to thank Chris for his counsel, guidance and leadership over the last five years and wish him all the best for the future. Chris has led the board through a time of major change for the company and leaves Redcentric in a stable position with a clearly defined strategy and opportunities for growth," said Chief Executive Peter Brotherton.
Shares in Redcentric were 0.3% lower in London on Tuesday at 77.48 pence each.