15th Apr 2019 15:23
LONDON (Alliance News) - Forbidden Technologies PLC on Monday said its non-executive chair is to leave, while it will also be changing its name.
Non-Exec Chair David Main will be stepping down at the firm's May 8 annual general meeting, though he will remain as a non-executive director.
Current Non-Exec Andrew Bentley will take Main's place as non-exec chair at the AGM.
Chief Executive Ian McDonough said: "I would like to thank David for all his hard work as chair over recent years and the board are grateful he will continue to offer his support as a non-executive director."
Forbidden will be changing its name to Blackbird PLC, without giving a date for the change.
"A year ago, with a focused strategy, the company brought all its products and services under the single brand, Blackbird," said Forbidden.
"This branding and positioning has been well received in the market and allows the company to cost effectively and powerfully market its media cloud solutions. Aligning the company and brand names simplifies communication."
Forbidden shares were 4.3% lower on Monday afternoon at 6.10 pence each.