Gama Aviation CFO stands down
Aviation services group Gama Aviation revealed that chief financial officer David Stickland had stood down from the board on Wednesday, with immediate effect.
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Stickland, who chose to leave Gama in order to "pursue other opportunities", will be replaced by Patrick Wan on an interim basis as the AIM-listed outfit undergoes a formal recruitment process to find a successor.
Despite standing down, Stickland will remain with Gama for an undertermined period to effect an orderly handover of responsibilities to Wan.
Chief executive Marwan Khalek said: "I am grateful to Dave for his service during his tenure with the company, through what was a very challenging period.
"He has been instrumental in the implementation of improved financial reporting and processes; we are committed to building on these foundations and continuing these improvements."
As of 0840 BST, Gama shares had ticked up 0.47% to 108p.