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Idox PLC - Reading, England-based supplier of information management software for public and 'asset intensive' sectors - On Monday, names Anoop Kang as new chief financial officer, to join Idox immediately, and join the board after company's annual general meeting on March 16. Kang has previously served as CFO of Cambian Group PLC and Logistics Development Group PLC.
Current CFO Rob Grubb will continue in his role until the end of the AGM, where he will leave the board and become director of mergers & acquisitions, a newly created role focusing on identifying acquisition targets and negotiating transactions. Will be part of Idox's "buy-and-build" strategy, to acquire intellectual property software products for public sector markets.
"Anoop brings a wealth of experience in leading large finance teams, and in capital markets across a number of listed businesses, to support the next phase of our journey to accelerate our 'fly phase' which combines a focus on organic and inorganic growth initiatives," says Chief Executive Officer, David Meaden.
Current stock price: 66.75 pence, closed down 0.7% on Monday
12-month change: down 7.9%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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