1st Apr 2025 13:04
(Alliance News) - Big Technologies PLC on Tuesday announced a series of executive changes, including the formal appointment of Alexander Brennan as chair and Mike Johns as incoming chief financial officer, following the dismissal of founder and former CEO Sara Murray.
The Hertfordshire, England-based remote people monitoring technology firm, which operates through its Buddi Ltd subsidiary, said Brennan's appointment as chair is effective immediately, after serving in the role on an interim basis since July.
Johns, previously CFO at Aptitude Software Group PLC, joins as CFO designate and will take over formally following the publication of the company's 2024 audited results.
The leadership overhaul follows Murray's sudden exit on Monday, after the company accused her of failing to disclose interests in entities that collectively hold 17.3% of Big Technologies' shares. The firm alleges that Murray also improperly diverted significant funds from the group prior to 2019.
Legal proceedings have been launched in the High Court, including a request for a freezing order against Murray and associated entities.
Murray had been previously suspended from her role on March 2025.
As a result, Big Technologies delayed its full-year results to mid-June, citing the need to account for post-year-end events and legal contingencies.
However, it said trading for 2024 remains in line with expectations. Unaudited February revenue was GBP4.2 million, and the company reported GBP101.1 million in cash at month-end.
Interim CEO Daren Morris, who is overseeing the transition, said: "We are pleased to welcome Mike to the group and I look forward to working closely with him as I hand over finance responsibilities and oversee completion of the audit."
Separately, Big Technologies secured a significant new contract in Northern Ireland. The company was awarded a 10-year deal, worth up to GBP20 million, by the Department of Justice to provide electronic monitoring services starting in September.
"We look forward to moving into the implementation and transition phase and delivering the highest quality of service to this important new customer," Morris said.
Shares in Big Technologies were up 2.7% at 75.00 pence in London on Tuesday afternoon. However, the stock remains down 29% over the past 30 days.
By Eva Castanedo, Alliance News reporter
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