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IN BRIEF: Induction Healthcare shares down as CEO Balmain steps down

9th Jan 2023 14:24

Induction Healthcare Group PLC - London-based digital health platform - Says Chief Executive Officer James Balmain is stepping down with immediate effect. Balmain will take on a new advisory role where he will directly "support the evolution and execution of group product strategy, together with national and regional sales".

Says Non-Executive Chair Christopher Samler will assume the interim role of executive chair, providing day to day leadership of the business pending the recruitment of a new permanent CEO.

Balmain says: "I'm looking forward to spending much more of my time on product strategy and sales, whilst also supporting the business as it navigates an important transitional period."

Current stock price: 20.40 pence, down 9.3%

12-month change: down 65%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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