Published: 14 August 2013
Idox plc (AIM: IDOX), a leading supplier of specialist document management collaboration solutions and services to the UK public sector and highly regulated asset intensive industries, announces a change to its Board of Directors (the "Board").
Chief Financial Officer ("CFO"), William Edmondson, has today resigned from the Group to take up an appointment outside the quoted sector. Consequently he steps down from his position as CFO and from the Board. Mr Edmondson will remain with the Group until October 2013, the end of the current financial year, to assist with the orderly transition of the role.
An executive search firm is being engaged by the Group to find a long-term replacement for Mr Edmondson. Until a new, permanent CFO is engaged, Richard Kellett-Clarke, the Group's CEO, will resume responsibility for the finance function in the short-term assisted by Group Financial Controller, Jane Mackie, to ensure the continuing robust financial management of the Group.
The Board will provide a further update once the formal search process has concluded.
Martin Brooks, Non-Executive Chairman of Idox, commented:
"On behalf of the Board, I want to thank Will for his contribution to Idox's development over the past five years; a period in which we have seen the company nearly double in size, and we wish him well in his new role."
|Idox plc||+44 (0) 20 7332 6000|
|Martin Brooks, ChairmanRichard Kellett-Clarke, Chief Executive|
|William Edmondson, Chief Financial Officer|
|Investec Investment Bank plc (NOMAD & Broker)||+44 (0) 20 7597 5970|
|Andrew Pinder / Patrick Robb|
|finnCap (Broker)||+44 (0) 20 7600 1658|
|Stuart Andrews / Stephen Norcross|
|Leander (Financial PR)||+44 (0) 7795 168 157|
About Idox plc
Idox plc is a supplier of specialist document management collaboration solutions and services to the UK public sector and increasingly to highly regulated asset intensive industries around the world in the wider corporate sector.
Its Public Sector Software Division is the leading applications provider to UK local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers. The Group provides public sector organisations with tools to manage information and knowledge, documents, content, business processes and workflow as well as connecting directly with the citizen via the web.
The Engineering Information Management Division delivers engineering document control, project collaboration and facility management applications to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation around the world.
Through the Information Solutions Division Idox also supplies, predominantly to the public sector, decision support content such as grants and planning policy information as well as related specialist services.
The Group employs over 500 staff located in the UK, the USA, Europe, India and Australia.
For more information see www.idoxplc.com
Updated: 20 March 2018