Business
Chair Succession
Chair Succession.
About this update from Gb Group Plc
[{"type":"text","content":"\n \n \n \n GB GROUP PLC\n \n \n \n (\"GBG\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n \n \n Chair succession\n \n \n \n \n \n \n GBG is pleased to announce the appointment of Richard Longdon to its Board as its next Chair and Non-Executive Director with effect from 1 September 2022. He will replace David Rasche, who is stepping down from the Board and retiring after twelve years with the Group. David will remain an active member of the Board until 30 September 2022 to ensure an orderly handover.\n \n \n \n \n \n The Board would like to thank David Rasche for his contribution and support. As Chair since December 2010, David's counsel and stewardship have played a significant and important role in guiding the success of the business. During David's tenure as Chair, GBG has completed 15 acquisitions, the Group's market capitalisation has grown from\nc. £24m to c. £1.2bn today and the Company has developed into a global leader in digital identity software.\n \n \n \n \n \n Richard Longdon will join GBG following a highly successful career in the technology sector. He spent 33 years with AVEVA Group where he was Chief Executive Officer for 17 years and has held a number of non-executive director and chair roles since. His global leadership experience will enable him to lead the Board through the next stages of the Company's growth and assist management in shaping the future strategy for the business.\n \n \n \n \n \n \n Commenting on his new role, Richard Longdon said:\n \n \n \n \n \"I am delighted to join GBG at an exciting time. It is clear that the business has the ambition and capabilities to execute on the attractive long-term growth opportunities in its markets. This is underpinned by the talent, passion and culture of the team. I look forward to working with Chris Clark, the Executive team and the rest of the Board, to continue building on the success achieved to date as I lead the Board with a determination to continue advancing the business for the benefit of all our stakeholders.\"\n \n \n \n \n David Rasche, departing as Chair, said:\n \n \n \n \n \"I am proud of what GBG has achieved during my time as Chair, particularly the journey of significant growth which has seen GBG become the largest pure-play identity software solutions provider on the public markets. It has been...