SpaceandPeople CEO stands down after two decades on the job

Media firm SpaceandPeople revealed on Friday that chief executive officer Matthew Bending would be stepping down from the board.

Bending, who cofounded SpaceandPeople back in 2000, will leave the group to concentrate on "other opportunities" and will be succeeded by chief operating officer Nancy Cullen - the firm's other cofounder.

Chairman George Watt said: "I would like to thank Matthew for his immense contribution to the group over the past twenty years, including the expansion of the business into Germany and for steering the group through the recent challenges of the Covid-19 pandemic.

"I am also delighted that Nancy Cullen is taking over the role of Chief Executive Officer at such an important time for the group. She has immense knowledge of the business and the commercialisation industry and will be integral to the continued future success of the business."

As of 1000 BST, SpaceandPeople shares were down 6.36% at 5.15p.