Accsys Technologies PLC on Friday said its current chair will become executive chair on an interim basis as it continues its search for a new chief executive officer, while it also hired a new chief financial officer.

The London-based wood building products manufacturer said Chair Stephen Odell will become executive chair on an interim basis, effective from Saturday next week.

He will serve in this role until a permanent CEO is appointed, as outgoing CEO Rob Harris will leave the company on Friday next week.

Accsys said Odell has ‘significant’ global executive experience through 38 years working with Ford Motor Co, where he held senior management roles across North America, Europe and Asia.

Also on Friday, Accsys appointed Steven Salo as CFO and board member, effective from April 1.

It said Salo most recently served as CFO at Dubai-based interior manufacturing, construction and assembly firm Depa PLC. During this time, Accsys said Salo supported the business and its major business units through periods of restructure and growth.

Outgoing CFO William Rudge will continue at Accsys beyond Salo’s appointment until the end of April to support an orderly handover.

Chair Odell said on the executive changes: ‘On behalf of the board, I am very pleased to welcome Steven to Accsys. Steven’s background as an international group CFO with experience focused on driving improvement in financial fundamentals will be highly beneficial to Accsys as we enter our next growth phase.

‘I am stepping into the role of executive chairman on an interim basis as we progress our CEO search process, and I look forward to working with our dedicated and talented employees across the group in an executive capacity.’

Shares in Accsys were down 1.1% to 62.40 pence each in London on Friday late morning.

Copyright 2023 Alliance News Ltd. All Rights Reserved.