23rd Oct 2019 10:51
(Alliance News) - Nasstar PLC on Wednesday confirmed that its new chair, Nick Bate, has stepped into the role and Peter Daresbury has left.
The IT service-management software firm announced the change at the end of April, with outgoing chair Daresbury having spent 12 years in the role. Bate, who joined Nasstar as a non-executive director back in January 2014, is now officially chair.
In the time since these board changes were announced, Nasstar posted a first-half swing to a GBP412,000 profit from a GBP447,000 loss a year before. This change was the result of a 10% year-on-year drop in administrative expenses to GBP7.8 million from GBP8.7 million and a 2.4% revenue rise to GBP12.8 million from GBP12.5 million.
The board also has a new member in the form of Ben Marnham, who has become a non-executive director.
Shares in Shropshire-based Nasstar were untraded at 11.44 pence in London on Wednesday morning.
By Anna Farley; [email protected]
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