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Crimson Tide PLC - Kent, England-based software developer - Confirms the appointment of founder Barrie Whipp as interim executive chair, effective immediately. Chair Jacqueline Daniell has stepped down from the company.
Senior Independent Director James Joyce said: ‘On behalf of the rest of the Board I’d like to place on record our gratitude to Jacqui for her considered and wise counsel during a difficult period for the Company. The job in hand now is to bring some stability to the board with new executive appointments and the appointment of a permanent Independent Chair so we’ll be working over the next few months to put that in place.’
Current stock price: 50.12 pence, closed down 1.7% on Tuesday
12-month change: down 69%
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