Bytes Technology appoints Sam Mudd as permanent CEO
Bytes Technology Group
541.50p
16:35 20/05/24
Bytes Technology Group announced the appointment of Sam Mudd as its permanent chief executive officer on Friday, as it also welcomed two independent non-executive directors to its board.
FTSE 250
20,873.33
17:14 20/05/24
FTSE 350
4,637.24
17:14 20/05/24
FTSE All-Share
4,590.38
17:13 20/05/24
Software & Computer Services
2,474.81
17:14 20/05/24
The FTSE 250 company said Mudd would assume the role of CEO immediately, following a selection process led by chair Patrick De Smedt and an external search firm.
It said Mudd had more than two decades of leadership experience, previously serving as an executive director on the board since July last year, and holding the position of interim CEO since February.
Notably, Mudd had a decade-long tenure as Managing Director of Phoenix Software, acquired by Bytes in 2017, where she spearheaded significant organic growth contributing to the company's success.
The board also announced that Ross Paterson would join as an independent non-executive director and chair of the audit committee on 1 June.
Anna Vikström Persson would join the board on the same date as an independent non-executive director as well.
Bytes said it expected to confirm the release date for its preliminary financial results for the year ended 29 February shortly.
It also expected to conclude its investigation into the resignation of former CEO Neil Murphy, and would provide updates on its findings as relevant.
“The board is delighted to confirm Sam as CEO. Her knowledge of our business, our customers and our vendors is second to none,” said chair Patrick De Smedt.
“As interim CEO and in her previous role as managing director of Phoenix, Sam has demonstrated her natural ability as a leader and her ambition to take BTG forward.
“The board agreed that she was the outstanding candidate for the role and we are all looking forward to continuing to work closely with her to capitalise on the significant opportunity ahead.”
At 0810 BST, shares in Bytes Technology Group were down 0.68% at 497.11p.
Reporting by Josh White for Sharecast.com.