29th Oct 2015 08:42
LONDON (Alliance News) - PeerTV PLC said Thursday that Wes Wilcox, the chief executive of its set-top box business PeerTV Ltd, has resigned.
Wilcox gave a number of reasons for his resignation, PeerTV said, including "both personal reasons combined with the difficulties of financing and managing the proposed turnaround of the set-top box business and the personal demands that this would make."
"I would like to thank Wes for his contribution to the business, and we are sorry that he has found it necessary to resign at this critical point in the company's development," said Chairman Eitan Yanuv in a statement.
Shares in PeerTV were down 9.1% at 0.0250 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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