21 Nov 2018 07:00
21 November 2018
WEY EDUCATION PLC
("Wey Education or the "Company" or the "Group")
Resignation of Executive Chairman
Appointment of Interim Chairman and CEO
Core trading healthy and liquidity strong
David Massie, the Executive Chairman of the Group has been working part time recently, while he underwent and recuperated from open heart surgery. Unfortunately, David has not responded to treatment as well as hoped and following further complications, he has today resigned from his position as Executive Chairman and as a director of the Company with immediate effect.
Barrie Whipp, currently a non-executive director of the Company, has agreed to take on the role of Interim Chairman while the board considers its next steps. Jacqueline Daniell, a founder of InterHigh and an executive director of the Company will assume the role of Interim CEO. In the meanwhile, trading in the Group's traditional original business and the recently expanded B2B divisions remains strong and the Company's liquidity remains very healthy.
David has been instrumental in driving the Group's development as a leading provider of online education and its proposed international expansion, along with the general management aspects of his role. The Company thanks him profusely for his vision, commitment and hard work.
Enquiries:
Wey Education Plc | ||
Barrie Whipp (Interim Chairman)
| Tel: +44 (0) 7778 367999
| |
WH Ireland Limited | ||
Mike Coe/ Chris Savidge (Corporate Finance) | Tel: +44 (0) 117 945 3472 | |