Elecosoft finance director stands down

AIM-listed software as a service provider Elecosoft announced on Monday that group finance director David Pearson had left the company.

Of Pearson's departure executive chairman John Ketteley said the board has begun its search for a successor.

"It has been a pleasure to work with David. We appreciate his contribution and wish him every success in the future," he said.

Elecosoft presented encouraging numbers in its first half trading report released on 17 July, with unaudited sales ahead of those posted last year and a significantly increased pre-tax profit.

Management reiterated its forecast for the full year as the construction and property management industry continue its adoption of building information modelling software such as the IconSystem, acquired in October last year.

AS of 0815 BST, shares had dipped 2.82% to 43.00p.