9th Aug 2018 11:45
LONDON (Alliance News) - Software services provider Ingenta PLC said Thursday its former chief executive David Montgomery will step down as a director on August 22.
Back in May, Ingenta announced Montgomery would be stepping down temporarily for personal health reasons, but this has been changed to a permanent departure.
Montgomery will be kept on as a consultant for at least six months after stepping down.
Scott Winner, who has been acting as CEO, will continue in that role. Ingenta expects to make a decision on a long-term replacement by the autumn.
"There has been a substantial transformation of the business in recent months, with the company now entering a new phase of its development, and the board considers it is now appropriate to formalise a new management structure including a new CEO," the company said in a statement.
Shares in Ingenta were untraded on Thursday, last quoted at 135 pence apiece.
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