4th Sep 2013 09:51
LONDON (Alliance News) - Toumaz Limited said Wednesday that Chris Toumazou, its founder and executive chairman, would be replaced by Richard Steeves with immediate effect.
Steeves is founder and CEO of Synergy Health PLC, a FTSE 250 provider of outsourced services to healthcare and health related markets. He will take on the position of non-executive chairman.
Toumazou will remain on the board as a non-executive director. Anthony Sethill will continue as CEO.
The low-power, wireless semi-conductor company's shares were trading down 1.5% at 4.80 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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