GB Group managing director stepping down

Digital location, identity and fraud software specialist GB Group announced on Thursday that group managing director Nick Brown would retire from the board on 31 March.

This AIM-traded firm said the move was part of its planned succession arrangements.

It said Brown joined GBG in 2007, and was appointed as an executive director in 2017.

Although he would step down from board duties at the end of March, he would remain available to the company until 30 September, the directors confirmed.

“The board would like to thank Nick for his significant contribution during his time at GBG and wish him well for the future,” it said in its statement.

At 1259 GMT, shares in GB Group were up 2.39% at 317.4p.

Reporting by Josh White for Sharecast.com.