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(Sharecast News) - Cerillion said on Wednesday that its chief financial officer Andrew Dickson would step down from the board on 1 March, as part of a planned transition that would see Greg Price appointed as his successor later in the year.
The AIM-traded firm said Dickson, who had served as finance chief for four years, had decided to pursue new opportunities and would remain with the company for a handover period.
Price was expected to join the company and the board by 1 May, subject to the completion of customary regulatory due diligence by the company's nominated adviser.
It said Price, aged 50 and a chartered accountant, was joining from Essensys, where he served as chief financial officer.
He was previously CFO at Checkit and CargoLogic Air, and had also held senior finance roles at AA, Monarch Airlines and Diageo.
Cerillion said his background gave him significant experience across the technology sector and broader commercial environments.
"On behalf of the board, I would like to extend our sincere thanks to Andrew for the professionalism, dedication and commitment he has shown since joining the company as CFO four years ago," said chief executive Louis Hall.
Hall noted that during Dickson's tenure, "the company's revenues increased by almost 75% and adjusted EBITDA rose by over 120%," adding that he was leaving with the board's best wishes.
"We are pleased to welcome Greg Price to the company," Hall added.
"He has relevant experience of the technology sector and extensive financial and commercial experience.
"We expect a smooth handover when he joins and are confident that he will contribute strongly to the business."
At 1342 GMT, shares in Cerillion were down 0.66% at 1,733.46p.
Reporting by Josh White for Sharecast.com.