11th Dec 2024 13:31
Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider for financial markets - Non-Executive Director William Meldrum assumes role of chair with immediate effect. Chair Mark Cubitt will transition to serve as a non-executive director. Announcement follows Cubitt's appointment in late October as executive chair of IQE PLC, replacing Phil Smith following the abrupt departure of Chief Executive Officer Americo Lemos. Cubitt had joined IQE's board in October with the intention of succeeding Smith, who remains as a non-executive director, but the change was originally planned for next year.
Beeks' Chief Executive Officer Gordon McArthur says: "We are grateful for the leadership Mark has provided over the last seven years, and pleased we will continue to benefit from his insight on the board. Will's understanding of the technological landscape of financial markets and experience in building a global data and technology business is a huge asset to us and we're delighted he has agreed to take on the role of chair."
Current stock price: 298.08 pence, down 0.6% on Wednesday afternoon in London
12-month change: more than doubled
By Emma Curzon, Alliance News reporter
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