The CFO of ActiveOps has decided to quit.
Headquartered in Reading, ActiveOps provides management process automation software for back-office operations. Its customers are predominantly in banking and insurance and include the likes of Citi, Allianz and UBS.
Paddy Deller notified the listed company, led by CEO Richard Jeffery, of his resignation from the board.
He will remain with the company to ‘ensure an orderly handover’. The board has commenced the search for a successor.
“Paddy has been a great asset to ActiveOps over the last seven years, supporting Richard and the team through several successful acquisitions, and substantially simplifying and improving the internal financial systems of the business ahead of the company’s IPO on AIM in 2021,” said chairman Sean Finnan.
“While we will be sad to see him go, he leaves the business on a strong financial footing and will continue to lead the finance team over the coming months, while the process of appointing a successor is ongoing.”
In its latest results – the six months to September 30th – ActiveOps’ pre-tax losses narrowed to £606,000 from almost £1 million in the prior year, while revenue grew 7% to £12.3m.