Induction Healthcare Group PLC - London-based digital health platform - Says Chief Executive Officer James Balmain is stepping down with immediate effect. Balmain will take on a new advisory role where he will directly ‘support the evolution and execution of group product strategy, together with national and regional sales’.

Says Non-Executive Chair Christopher Samler will assume the interim role of executive chair, providing day to day leadership of the business pending the recruitment of a new permanent CEO.

Balmain says: ‘I’m looking forward to spending much more of my time on product strategy and sales, whilst also supporting the business as it navigates an important transitional period.’

Current stock price: 20.40 pence, down 9.3%

12-month change: down 65%

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