Image Scan Holdings PLC - Leicestershire, England-based X-ray imaging systems provider - Announces retirement of Executive Chair Bill Mawer and promotion of four board members to top positions. Outgoing Chair Mawer leaves Image Scan on June 30. As part of changes made to board roles, non-Executive Director Tim Jackson becomes non-executive chair on July 1. Three other appointments take effect the same day. Interim Chief Executive Officer Vincent Deery is promoted to permanent CEO. Non-Executive Director Richard Leaver becomes deputy chair and Finance Director Sarah Atwell-King is promoted to chief financial officer.

Mawer has been chair of the company for eight years. ‘After eight years at Image Scan, I have decided the time is right for a change, both for me personally and for the company,’ Mawer says. ‘As a shareholder, I shall continue to follow the company with interest and optimism for the future,’ he adds.

Current stock price: 1.80 pence, down 5.3% on Wednesday

12-month change: down 33%

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