Nexteq names Duncan Faithfull as CEO

Technology solutions provider Nexteq tapped Duncan Fatihfull to take over as chief executive officer on Thursday, with immediate effect.

Faithfull, currently Nexteq's chief commercial officer, joined the group in 2020 to lead its Quixant division, where he has been responsible for implementing product and commercial strategies and enhancing the customer journey.

As a result of Faithfull's appointment, Jon Jayal has stepped down as chief executive and a board member but will remain as an employee in a consulting role until year-end 2024 to support an orderly handover.

Faithfull said: "I am incredibly excited and proud to be joining the Nexteq board as group chief executive officer. Having spent several years working with our global team to deliver outstanding and innovative outsourced technology solutions, I believe in the significant opportunities across our Quixant and Densitron divisions, all of which are underpinned by the engineering expertise within the business.

"I am looking forward to working closely with the leadership team in driving forward our product roadmap and delivering on our vision. I would also like to thank Jon Jayal for everything that he has done for Nexteq over the last 12 years, and his outstanding contribution to the group."

As of 1045 BST, Nexteq shares were down 0.35% at 98.65p.

Reporting by Iain Gilbert at Sharecast.com