Tekmar's MacDonald transitions from chairman to CEO

Technology and services provider Tekmar has appointed Alasdair MacDonald to the role of chief executive officer, with immediate effect.

Tekmar said on Thursday that MacDonald, the group's chairman prior to its flotation in June 2018, had already been leading the company as executive chairman since founder and long-term CEO James Ritchie announced he would step down from the role in August.

The AIM-listed firm said MacDonald's appointment followed a "rigorous recruitment process" involving both internal and external candidates.

"Final interviews concluded that Alasdair was the strongest candidate for the role with his extensive knowledge of the markets in which the group operates and his in-depth understanding of the business," said Tekmar.

"He will immediately transition into the CEO role, minimising any disruption from further leadership changes in the business."

Julian Brown, currently a non-executive director, was elected to replace MacDonald as non-executive chairman.

As of 1015 BST, Tekmar shares were down 0.96% at 82.20p.