19th May 2015 07:35
LONDON (Alliance News) - Lombard Risk Management PLC on Tuesday said founder John Wisbey has left his position as chief executive of the company with immediate effect in order to pursue other opportunities.
Philip Crawford, currently non-executive chairman, will become interim executive chairman of the company until a permanent successor to Wisbey is appointed.
Wisbey founded Lombard in 1989 and remains a significant shareholder, with a stake of around 36%, and has not indicated he has any intention of cutting that stake.
Lombard shares were down 5.7% in early trade to 12.5 pence, one of the worst performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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