11th February 2014
The ComOps Limited Board of Directors announces that it has accepted the resignation of Mr. Peter Wicks as Chairman of ComOps Limited.
Mr. Wicks advised the Board of ComOps today that in view of his various other commitments, he will step down as Chairman of the Company, effective immediately.
Mr. Niall Cairns, a non‐executive director of ComOps and principal of Kestrel Capital, a substantial shareholder in ComOps, was elected by the Board as Non‐Executive Chairman.
Mr. Wicks, who will remain as a non‐executive director and member of its Audit Committee, said: “Since my appointment as a director and Chairman in mid‐2013, a lot has been achieved in removing debt, reducing costs and the raising of new capital. ComOps is now in a strong position for future growth and the time is right for new leadership for the company through the next phase of revitalisation".