Accsys Technologies CFO departs after 13 months

AIM-listed Accsys Technologies has announced that its chief financial officer is leaving the wood products group after just a year in the role.

Steven Salo joined as CFO in April 2023 but has decided to step down with immediate effect after just 13 months. The company said the board and Salo "agreed that his interests and ambitions lie outside of the group".

"I would like to thank Steven on behalf of the board for his service and contribution to Accsys during a challenging period for the company and wish him all the best for the future," said chair Trudy Schoolenberg.

Salo is said to have helped Accsys through a period of economic headwinds and contributed to last year's successful €34m capital raise and financing for the completion of the company's joint venture project in Kingsport.

Accsys said it has started the search for a replacement CFO.

The stock was flat at 58p by 1125 BST.