RA International Group PLC on Monday said its chief financial officer will resign from the board, with effect from August 31.

CFO Andrew Bolter has been at the Africa and Middle East-focused construction and support services provider since 2011. The board said it has now begun the process of recruiting Bolter’s successor.

Chief Executive Officer Soraya Narfeldt said the company appreciated the ‘significant contribution made by Andrew during his tenure as CFO.’

Outgoing Bolter said of his future departure: ‘It has been a privilege to be part of the leadership team that has helped build RA and, after over 10 years with the company, it is now time for me to pursue a new challenge.

Bolter added he believed ’the opportunity ahead for RA remains significant‘.

Shares in RA International were up 2.1% to 14.80 pence each in London on Monday morning.

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