WANdisco PLC - Sheffield, England-based data migration platform - Interim Chief Executive Officer Stephen Kelly joins the board and is confirmed as permanent CEO, having served in an interim capacity since early May. He is joined by Interim Chief Financial Officer Ijoma Maluza, who has been confirmed in post and also joins the board after serving in an interim capacity since early May. Chief Scientists Yeturu Aahlad steps down from board but will remain part of executive team. Says Interim Non-Executive Chair Ken Lever will remain in post, while a formal process to identify a permanent chair has now begun after completion of the refinancing and lifting of share suspension. Also notes two non-executive director appointments alongside one non-executive
Lever says: "Following the successful refinancing of WANdisco and the lifting of the share suspension, we are now able to formally shape the board to support growth and value creation for shareholders. I am delighted that [two non-executive director additions] have agreed to join us at this very important juncture in the re-establishment of the company as a leading business in the data-integration software market."
Current stock price: 53.58 pence, up 9.8%
12-month change: down 83%
By Greg Rosenvinge, Alliance News reporter
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