IXICO plc (AIM: IXI), the data analytics company delivering insights in neuroscience, today announces two directorate changes.
As anticipated, Grant Nash, who was appointed as CFO on 29 April 2019, will join the board with immediate effect. In his executive director role, Grant leads the Company's Finance, Legal and IT functions. Grant joined IXICO from UK Biobank, a national and international health research data resource, where he had been Finance Director since 2014.
Tim Sharpington, who has served as non-executive director and senior independent director since October 2013, has informed the Company of his intention to step down from the board at the end of the current financial year to focus on his executive responsibilities elsewhere. His responsibilities as IXICO's senior independent director and chair of the remuneration committee will be assumed by Mark Warne, currently a non-executive director.
Following the directorate changes the Company will have two executive directors and three independent non-executive directors.
Giulio Cerroni, Chief Executive Officer of IXICO, commented: "Grant's appointment to the board reflects the substantial contribution he has already made to IXICO since his appointment as CFO on 29th April 2019. He has brought strong financial leadership skills combined with a deep appreciation of operational excellence at a time of significant revenue growth and an accelerated path to profitability. Separately, I would like to thank Tim for all his counsel and guidance to me personally since I joined the company and wish him well for the future."
Charles Spicer, Chairman of IXICO, commented: "On behalf of the board and personally, I would like to thank Tim warmly for his many years of service to the Company and the board. Since its admission to AIM in 2013, he has guided and supported IXICO through a number of strategic challenges and changes. In that time, the Company has significantly enhanced its position in providing specialist data analytics for neuroscience drug development and more than doubled revenues over the last three years. We all wish him well for his future endeavours."
Pursuant to Schedule 2 (g) of the AIM Rules for Companies, Grant Robert Nash (aged 42) has held the following directorships or partnerships in the past five years:
The Leach Fourteenth Trust
Golden Bay Mansions Limited
Mr Nash does not currently hold any shares in the Company.
There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.