Rex Bionics CFO to retire in March next year

The chief financial officer of AIM-listed Rex Bionics, Peter Worrall, plans to retire and step down at the end of March next year.

The company, which pioneered the REX Robot technology that enhances the mobility of wheelchair users, said the process of finding a replacement was underway and a further announcement will be made in due course.

Chairman David Macfarlane said: “On behalf of the board, I'd like to express my appreciation to Peter for his exemplary dedication and professionalism. We wish him well in his retirement.”

At 1450 BST, Rex shares were down 3.3% to 29p.