Sign up
Tech Capital

Chairman gives up executive role at Sprue Aegis after tough year

Sprue Aegis has shed two-thirds of its value following a dispute with one of its main distributors
fire alarm
Sprue Aegis issued a profit warning last month

Graham Whitworth is to relinquish his executive duties at Sprue Aegis PLC (LON:SPRP) after a troubled year for the home safety products group.

Whitworth, who has been executive chairman since 2001, said someone else should chair the company through its next phase of development.

READ: Sprue Aegis slides on 2018 warning and distribution dispute costs

Sprue Aegis has shed two-thirds of its value following a dispute with one of its main distributors and a profit warning last month.

Whitworth will stay on the board as a non-exec, but Sprue will appoint a new non-exec chairman.

The fire alarm products group has also appointed Mike Stilwell as group finance director.

He will take up the job from December 3 after he has worked his notice period at his current employer, Synectics PLC, where he is finance director.

PhilW.jpg


Register here to be notified of future Company articles
View full profile View Profile
View All

© tech Capital 2018

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.