Mind Gym Plc Regulatory News (MIND)

22 April 2024 

Mind Gym plc

 ("Mind Gym" or the "Company" or "Group") 

Directorate Changes

CEO Succession and other board changes accelerated

Mind Gym (AIM: MIND), the global provider of human capital and business improvement solutions, announces an update regarding the planned changes to its Board and leadership team as part of the evolution from being a founder led business, accelerating the changes communicated on 1 December 2023.

Board Changes

Christoffer Ellehuus, who has been acting as CEO-designate since 8 January 2024, is appointed to the role of Chief Executive Officer and joins the Board of Directors with immediate effect.

Octavius Black transitions to the role of Executive Chair, with executive responsibilities focusing on increasing MindGym's market presence, further development of thought leadership and building relations with major clients.

As a result of these changes, Ruby McGregor Smith will step down from her role as Non-Executive Chair and from the board with immediate effect. The Directors would like to thank Ruby for the significant contribution she has made to MindGym since joining the Board in November 2020 and assuming the role of Chair in July 2021.

Other Directors

Sally Tilleray continues as Senior Independent Director, Trevor Phillips as Independent Non-Executive Director, and David Nelson as Non-Executive Director. Dominic Neary and Sebastian Bailey continue in their current executive roles.

The search for a new Independent Non-Executive Director has now commenced and an update will be provided in due course. As previously communicated, Joanne Cash will continue in her role as Non-Executive Director but is not seeking re-appointment at the AGM in July 2024 and will step down from the role at that juncture. 

Octavius Black, Executive Chair of Mind Gym, said:

"I'm delighted by the progress that Christoffer has made in his first 100 days at MindGym in understanding the business, building relationships with clients, getting to know our team and shaping his strategy for the future of the company. It makes great sense for the team and for our stakeholders to accelerate the transfer of CEO responsibilities, so our new financial year starts with our new CEO formally in place, rather than waiting until the AGM as we had previously expected.

"I'm immensely grateful to Ruby for her sterling service as Chair of MindGym, helping steer us through the external turbulence of COVID, Ukraine and the cost-of-living crisis. She has been a very supportive partner throughout these challenging times.

"I look forward to taking on the mantle of Executive Chair with particular focus, beyond chairing the Board, on promoting MindGym in the market and building our relationships with the leaders of many of the world's most ambitious companies whilst supporting MindGym with its pioneering human capital solutions".

Christoffer Ellehuus, Chief Executive of Mind Gym, said:

"Since joining MindGym in early January, I have had the opportunity to spend time with our clients and teams in both our EMEA and US markets and I've returned excited about the future growth potential for the business. I believe that we have all the right foundations for future growth potential: strong client relationships, innovative solutions, and a very talented team. I am excited about leading MindGym forward to success."

Enquiries

About MindGym

MindGym is a company that delivers business improvement solutions using scalable, proprietary products which are based on behavioural science. The Group operates in three global markets: business transformation, human capital management and learning & development.

MindGym is listed on the London Stock Exchange Alternative Investment Market (ticker: MIND) and headquartered in London. The business has offices in London, New York and Singapore.

Further information is available at www.themindgym.com @themindgym

Regulatory Disclosures

Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the appointment of Christoffer Trojahn Ellehuus. Mr Ellehuus, aged 51, does not hold any beneficial interest in the Company's share capital.