7th Jul 2015 08:46
LONDON (Alliance News) - Spend control and e-procurement software provider PROACTIS Holdings PLC on Tuesday said it has appointed Tim Sykes as its chief financial officer.
Sykes had been working part-time as the chief financial officer of life sciences company Avacta Group PLC and will step down from that role.
Avacta said Sykes has been part-time since the company's IPO. The company said it has decided that it is now appropriate for the role to become full-time but Sykes does not wish to be considered due to other business interests.
Sykes will remain with Avacta until a suitable replacement has been found, Avacta said.
PROACTIS shares were untraded on Tuesday, having last traded at 80.20 pence. Avacta's shares were up 1.4% at 1.24p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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