Eight Capital Partners PLC on Thursday said Chief Executive Officer David Bull plans to step down on Friday.

Bull joined the technology and media-focused investment firm as a non-executive director in June last year. He was appointed to CEO in September.

The company said that the process to appoint Bull’s successor is underway, and it is considering further additions to the board.

Eight Capital also announced that Luciano Maranzana will join the board as a non-executive director.

Maranzana joins from Negentropy Capital Partners Italia, a London-based alternative investment management and advisory company. Previously, he was managing director of the Italian and Spanish branches of real estate investment trust and shopping centre owner Hammerson PLC.

Executive Chair Dominic White said: ‘I am delighted to welcome Luciano to the Eight Capital board. His extensive cross-border asset management experience and expertise will strengthen Eight Capital’s offering by adding new, complementary skills to the wider group as we continue to build Eight Capital into an international fintech operating business.’

Eight Capital shares were untraded at 0.0255 pence each on AQSE in London on Thursday afternoon.

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