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Posted on April 2, 2020 by staff

CEO to step down at listed eCommerce firm Attraqt

The CEO of AIM-listed eCommerce firm Attraqt has announced his intention to step down from the role.

Luke McKeever informed the board that the move, for family reasons, will come into effect from July 2020.

McKeever, who will work from home until his departure, will remain on the board as a Non-Executive Director from the effective date.

He joined the firm in 2018 after time as CEO of Portrait Software and Tungsten Network, Executive Vice President-Corporate Development at Alterian, Inc. and Principal at Experian Corp.

The firm provides omnichannel search, merchandising, and product and content personalization for retailers and brands. Its customers include UK eCommerce ASOS, MandM Direct and Beauty Bay as well as high street brands including Debenhams and Harvey Nichols.

Nick Habgood, Non-Executive Chairman, will assume the role of Interim Executive Chairman, working closely alongside CFO Eric Dodd while the firm undertakes the search for a new Chief Executive.

“Whilst it is disappointing to lose such an insightful and passionate CEO from the business, the Board understands that circumstances necessitate it in this case and we are very pleased that Luke will be able to continue to offer the Company his guidance and expertise in a non-executive capacity,” said Habgood.

“Whilst it is impossible to predict the outcomes of this pandemic, we are confident that we are well positioned with a high proportion of recurring revenue, a robust balance sheet, and we look forward to continuing to support brands over the long term.”

McKeever added: “Although my personal circumstances have dictated that my role in the business has had to change, I look forward to continuing to make an active contribution to the Company in my new role.

“Attraqt has a huge opportunity ahead and an exciting product that is providing customers with an offering that delivers demonstrable value. I would like to thank all of the team for their dedication and commitment during my time as CEO, the work that they have put in leaves Attraqt well placed for future growth.”