Elixirr International announces board changes

(Sharecast News) - Challenger consultancy Elixirr International announced a number of changes to its board of directors on Tuesday, with co-founder and chief financial officer Graham Busby to transition to the role of deputy chief executive officer on 1 January. The AIM-traded firm said that in that capacity, he would maintain oversight of Elixirr's acquisition strategy, which he had successfully led since 2020.

Nick Willott, currently finance director and company secretary, would meanwhile be promoted to chief financial officer on the same date.

He was expected to formally join the board following completion of due diligence, with Stephen Newton to continue in his role as chief executive officer.

In addition, co-founder and director Ian Ferguson would step down from the board on 1 January, transitioning to the role of board advisor.

"We are delighted to announce the appointments of Graham and Nick as Deputy CEO and CFO respectively," said founder and chief executive officer Stephen Newton.

"Their deep understanding of the business, together with their technical knowledge and market expertise will further strengthen the board and support the company as it continues its strong trajectory of growth.

"Graham has operated as de facto deputy chief executive officer for several years working side-by-side with me every day, and Nick has performed exceptionally as our finance director and company secretary since joining us in 2020."

Newton said the company would continue to work together as a team in the years ahead, as it worked to continue disrupting the consulting market.

"The board, and I personally, wish to thank Ian for his significant contributions as a board director and we look forward to his continued counsel as an ongoing advisor to the board as well as receive his guidance and wisdom on special projects, particularly around mergers and acquisitions."

At 1029 GMT, shares in Elixirr International were up 0.26% at 767p.

Reporting by Josh White for Sharecast.com.