(Alliance News) - Concepta PLC said Thursday it has hired Penelope McCormick as chief executive officer.
The move follows Matthew Walls stepping down as executive chair on Wednesday by mutual agreement, leading to the appointment of Non-Executive Director Adam Reynolds as non-executive chair.
McCormick will be joining from medical device maker BBI Group, where she worked for 12 years, leaving as managing director and co-founder of BBI Healthcare Ltd.
In addition, the women's fertility-focused healthcare company has appointed Lyn Rees as a non-executive director. Rees is currently chief executive officer at molecular diagnostics group Yourgene Health PLC, and has been since 2018.
In late October, Concepta appointed Madeline Kennedy as chief financial officer, to replace Barbara Spurrier who left to focus on other business interests.
Shares in Concepta - which is headquartered in Bedfordshire - was up 5.0% at 2.10 pence on Thursday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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