James Davies roped in as chief product officer for i-nexus

The AIM-traded firm said that as a result, Davies had resigned from his role as non-executive director of the company with immediate effect, stepping into the newly-created position.

His appointment brought the total number of staff within the group to 90, representing an increase of 50% since its initial public offering, and remaining in line with the board’s stated internal investment and expansion strategy.

The board described Davies as a “seasoned software executive” with 20 years of experience working in Silicon Valley.

It said he had held senior leadership roles in three venture capital-backed software start-ups, including chief executive officer, chief product officer, and chairman, and had delivered management consulting services to “some of the world's largest” technology companies.

In his role as chief product officer, it said he would be tasked with building upon i-nexus' “early product leadership position” in cloud strategy execution software.

“We are absolutely delighted that someone of James' calibre has agreed to join i-nexus in an executive capacity,” said chief executive officer Simon Crowther.

“His advice during the build-up and successful execution of our IPO was invaluable and I am confident that in his hands the vision for our enterprise-grade strategy execution software platform will be successfully implemented.”

The search for his board replacement had already begun, and the firm said it intended to strengthen the board with the appointment of an additional non-executive director in due course.

“It is evident to me that i-nexus has a significant opportunity ahead of it, addressing the growing market for hoshin-based strategy execution software,” said James Davies of his appointment.

“I have witnessed the passion of the team first-hand and the value they bring to their customers and am looking forward to helping take i-nexus into its next stage of growth.”