(Alliance News) - Shares in Silver Bullet Data Services Group PLC dipped on Tuesday, as the company announced that its chief financial officer would be stepping down after five years in the role.
Silver Bullet is a London-based digital marketing services provider. Shares in the company were down 9.1% at 106.78 pence each in London on Tuesday.
Silver bullet said that Chief Financial Officer and company secretary Darren Poynton will be stepping down, having served in the roles for five years. The company did not reveal the date of Poynton's departure or the reason for his exit.
Poynton's tenure included the company's initial public offering in June 2021.
Poynton will be replaced in both roles by Chris Ellis. Ellis is described by Silver Bullet as "an accomplished, target-driven senior executive", whose industry expertise spans the financial services, healthcare, technology, and oil & gas sectors.
Prior to joining Silver Bullet, Ellis served as chief operating officer of McLaren Strategic Capital, an AI-focused business consultant. Ellis has also held CFO roles at Syscap Group Ltd and Brook Henderson Group Ltd.
Chief Executive Officer Ian James said: "With Chris's strategic ability and demonstrated success in driving growth and transformation, I am confident in his capability to significantly enhance Silverbullet's next phase of success."
By Hugh Cameron, Alliance News reporter
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