Microsaic appoints new Finance Director

Miniaturised chip-based developer Microsaic has appointed Andrew Darby as group Finance Director effective April 16th.Darby joins Microsaic from Active Risk Group, a former AIM-listed risk management software company, where he acted as Chief Operations Officer and Chief Financial Officer until its sale to Sword Group SE in August 2013.He's predecessor Malcom Bateman will step down after eight years of service and will continue as a consultant to the group for a short period of time to ensure an orderly transition.Colin Jump, Chief Executive officer, said: "I am delighted to welcome Andrew to the Company as our new Finance Director. "His experience with quoted companies will also be important as the company grows and looks to enhance its relationships with investors and analysts. I am confident that Andrew will make a great contribution to Microsaic in the exciting years ahead."As of 11:35 the share price had risen 1.08% to 46p.WS