Powell to step down as Pennant chairman

Supplier of integrated logistic support solutions Pennant International announced the retirement of its chairman Christopher Powell on Tuesday.

In a statement light on substance, the AIM-traded company confirmed Powell had given notice of his intention to stand down, with his last day being 31 December.

There was no indication as to what process would be undertaken going forward.

Pennant’s board confirmed Powell will continue to serve thereafter as a non-executive director.