The COO and CFO of听identity software specialist GBG is to retire听this summer听after 12 years.听
Dave John Wilson is also stepping down from the board at the end of June.听
David Mathew Ward听will join听the听board as听CFO听in May.听He has spent the last 10 years with listed FTSE 100 global software group听AVEVA.听听
Prior to the merger with the software business of Schneider Electric, Ward served听as CFO, subsequently becoming finance director and听company听secretary of the enlarged group.听
During听Wilson‘s tenure at GBG,听the听listed group has evolved from a small UK operation to a business with over 65% of revenue generated outside the UK, customers in听more than听70 countries and team members in 16 countries.听听
Over the same period, GBG has increased its market capitalisation more than 100x, from听拢14.2m in April 2009 to 拢1.7bn today.听
“It has been a privilege to work with past and present team members, who are the essence of such a great business,鈥� said Wilson.听鈥淢y 12 years at GBG has been fun and rewarding, which has given me many proud moments.听听
鈥淚t is the right time for me to move to non-executive roles, and I thank the board, our team, advisors and the investment community for their support over the years.”听
David Rasche,听chairman of GBG, said:听“I would like to thank Dave Wilson for his 12 years with GBG, during which time he has been a key member of the听board helping to transform the business and deliver outstanding shareholder returns.听听
“I know that Dave will remain a good friend of the business and we wish him well for his retirement.听
“The board is delighted that David Ward has agreed to join GBG as its CFO. David has been key to impressive growth and financial governance improvements at AVEVA over his tenure and I am confident that his experience will be an asset to GBG as we continue our own growth story.“听
Ward added:听“The fundamental strengths of GBG’s products and the opportunities which exist for the business within its markets, made this opportunity instantly compelling.听听听
鈥�Having met various members of the听board and听executive, it became clear that the culture and focus of the business are important strengths. It is rare to find a business with the market opportunity, strategy and ambition to deliver, combined with the culture to succeed.听听听
鈥�I will be joining GBG at a very exciting chapter in its growth journey and look forward to leveraging my experience of international expansion and finance operations to enable further success building on Dave’s impressive legacy.”听