WANdisco PLC - Sheffield, England-based data migration platform - Confirms completion of customary due diligence in respect of Kenneth Lever, who has now been formally appointed to the WANdisco board of directors as executive chair, effective immediately.
On Monday, the Sheffield, England-based data migration platform said Co-founder & Chief Executive Officer David Richards and Chief Financial Officer Erik Miller had decided to step down, amid an investigation by FRP Advisory into fraudulent sales orders.
At the same time, it had said Non-Executive Chair Lever would become executive chair pending the appointment of a new CEO. In March, WANdisco suspended trading in its shares after uncovering signs of possible "sophisticated" fraudulent activity, just days after it announced it was exploring a potential US listing.
Current stock price: suspended
By Holly Beveridge, Alliance News reporter
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