IT managed services provider Redcentric has announced that its executive director and CEO designate Brian Woodford has decided to step down from the role for personal reasons.
Peter Brotherton, who had decided to step down from his role of CEO at the listed firm in January, has now agreed to stay on in the role.
Brotherton was expected to stay on at the firm in an advisory capacity until June but will now resume his previous job title.
Woodford was revealed as the CEO-in-waiting on 3rd February.
This was just a week after the Yorkshire tech firm’s CFO David Senior announced that he would also be leaving the company in the wake of Brotherton’s exit announcement.
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On his departure, Woodford said: “During my time with the company, I’ve enjoyed working with varied clients and dedicated colleagues and wish the entire team continued success.”
Richard McGuire, chairman of Redcentric, added: “On behalf of the company, we extend thanks to Brian for his service.
“Redcentric retains a strong executive leadership team with significant years of industry knowledge and expertise ensuring the company is well positioned for growth.
“Retaining Peter whose proven leadership and deep understanding of Redcentric provides continuity in the delivery of the company’s strategy.”
Despite a chaotic leadership shakeup at the listed firm, its current share price (121p) has remained in a similar position to that of the start of the calendar year (125.75p).
Its market cap is £192.31m.
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