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WANdisco Announces New Permanent Executives and Board Changes


WANdisco, a London-listed cloud-services firm, has revealed that two of its interim executives will now take on permanent roles within the company. Stephen Kelly has been appointed as the Chief Executive Officer, while Ijoma Maluza will become the Chief Financial Officer. Both individuals have been serving in these positions on an interim basis since May and April, respectively. These changes, effective as of Tuesday, mark an important step forward for WANdisco as it continues to recover from regulatory probes and a significant drop in its share price.

In addition to Kelly and Maluza, Xenia Walters and Chris Baker will also be joining the board. Meanwhile, Karl Monaghan, the current audit committee chair, will step down ahead of the upcoming annual meeting next month.

The announcement of permanent leadership positions comes after WANdisco’s shares resumed trading following a more than four-month-long suspension. The reintroduction of trading resulted in a significant decrease in the value of the shares.

Ken Lever, interim nonexecutive Chairman of WANdisco, expressed confidence in the company’s future growth and value creation for shareholders following a successful refinancing process and the lifting of the share suspension.

Despite recent challenges, WANdisco’s shares saw a slight increase on Wednesday, rising 1.0 pence or 2% to reach 50.0 pence.

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