Quartix And Molins Change Chairman As Palmer-Baunack Leaves Both

LONDON (Alliance News) - Vehicle tracking technology company Quartix Holdings PLC and technology and support services company Molins PLC on Thursday both said Avril Palmer-Baunack is to step down from her chairmanship of both companies.

Palmer-Baunack is stepping down from her non-executive chairman roles with both companies following her appointment as the executive chairman of BCA Marketplace PLC, the owner of British Car Auctions which was recently brought to the stock market by a reverse takeover deal.

Quartix said Paul Boughton will be appointed non-executive chairman from April 16 to replace Palmer-Baunack, while Molins said Phil Moorhouse will take over as its non-executive chairman.

Quartix also briefly said it is trading in line with its expectations for the full year.

Quartix shares were up 0.3% to 172.00 pence on Friday, while Molins shares were down 2.3% to 80.6 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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