Acuity RM Group PLC - provider of risk management services said the customer - Says Chief Executive Officer Simon Marvell of the firm’s subsidiary Acuity Risk Management Ltd will retire on June 30. He will not stand for election as director. Says current Chief Operating Officer Kerry Chambers will replace Marvell on July 3. She joined Acuity in 2021 as commercial director before being promoted to its COO in April this year. ‘She has been responsible for all sales, marketing and related activities. In her time marketing has been brought in-house, a new sales team recruited, a new strategic plan with a partnership programme to expand in North America, which represents 45% of the world market,’ the firm says.

CEO Angus Forrest says: ‘Over the past two years working together we have achieved a great deal of change strengthening the management of the business and improving every metric. Simon is an expert on risk management having built his skill over more than 35 years. Kerry has demonstrated her skills and proved an excellent leader of sales, marketing and commercial activities over the past two years, we are delighted to announce her promotion to CEO and look forward to working with her as she leads the business in the next exciting phase of its growth.’

Current stock price: 8.50 pence each, down 2.9% on Friday morning in London

12-month change: down 99%

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