Tungsten appoints Andrew Lemonofides as CEO
Business transaction network Tungsten said on Wednesday that Andrew Lemonofides would be joining its board as chief executive in September.
Financial Services
16,108.64
17:09 19/09/24
FTSE AIM All-Share
748.08
16:59 19/09/24
Tungsten Corporation
54.60p
16:34 16/06/22
Lemonofides, who has been a member of office space provider IWG's leadership team for that last seven years, has extensive experience of the technology sector, having held a number of senior roles in global technology companies.
The AIM-listed group's CEO in waiting has previously spent much of his time focussing on the execution of transformational change through detailed, systematic and customer centric approaches to deliver "simple and effective business models".
Following Lemonofides' appointment, interim chief executive David Williams will revert to his role as chief financial officer.
Chairman Tony Bromovsky said: "After a detailed and testing selection process, we are delighted to have attracted someone of Andrew's calibre, experience and skill set and we are confident he will be able to drive the business forward and generate the further global scale and penetration for which it has been designed."
As of 0920 BST, Tungsten shares had picked up 0.81% to 49.90p.