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Ergomed Chief Executive Stephen Stamp To Depart For Health Reasons

LONDON (Alliance News) - Pharmaceutical services firm Ergomed PLC said on Wednesday Chief ...

Alliance News 23 January, 2019 | 10:58AM
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LONDON (Alliance News) - Pharmaceutical services firm Ergomed PLC said on Wednesday Chief Executive Stephen Stamp is to step down for health reasons.

While Ergomed looks for a new CEO, Stamp will stay on a part-time basis to help with the transition.

To help provide leadership ,Ergomed said, former CEO Miroslav Reljanovic has become executive chairman. He founded Ergomed in 1997, and led the company until 2017.

Peter George will leave his role as chairman but will stay as senior independent director.

Ergomed expects to report it is meeting expectations when it releases a trading update on Thursday next week.

Reljanovic commented: "I would like to thank Stephen for his service to Ergomed thus far and I look forward to working with him in his new capacity."

"On the back of last years' cost cutting programme and good current trading performance, the company is in sound financial health and I look forward to delivering our strategy to focus on our services business."

Shares were 1.5% lower on Wednesday at a price of 170 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Ergomed PLC 374.00 GBX 0.00 -

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