ATG.L

Auction Technology Group plc
Auction Technology - Directorate Change
9th August 2024, 15:55
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RNS Number : 9678Z
Auction Technology Group PLC
09 August 2024
 

 

 

9 August 2024

Auction Technology Group plc

("ATG" or the "Company")

 

Directorate Changes

ATG announces that Breon Corcoran is stepping down as Chair and non-executive director of the Company with immediate effect in order to focus on other professional and family commitments, including IG Group where he was appointed Chief Executive in January 2024. Breon was appointed as Chair of ATG in 2020 and led the Company through its IPO in 2021.

The Board is pleased to announce that, in line with a succession planning exercise carried out by the Nomination Committee in consultation with external advisers, Scott Forbes has been appointed as his successor with immediate effect. Scott is an experienced Chair with over 30 cumulative years of Board and Chair experience for digital marketplace businesses in the United Kingdom and North America. Scott has been ATG's Senior Independent Director since its IPO.

ATG Audit Committee Chair Suzanne Baxter has been appointed as Senior Independent Director.  Suzanne has over 18 years' continuous experience as a UK listed company director, including 11 as an executive and 11 years in a non-executive capacity.  Suzanne joined the board in 2022.  The Company is undertaking a process to appoint a new non-executive director and will update the market on its progress with this appointment in due course.

The Board would like to thank Breon for his contribution and dedication to the Company and wishes him well for the future.

Breon Corcoran said: "It has been a privilege to chair ATG over the last four years. I am confident in the Group's inherent strengths and leadership and that ATG's solid positioning will ensure an attractive future for all of its stakeholders."

LEI: 213800U8Q9K2XI3WRE39

 

About Auction Technology Group plc

Auction Technology Group plc is the operator of world-leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to around 4,000 trusted auction houses across two major sectors: Industrial & Commercial and Art & Antiques. The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 85,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.

 

 

 

For further information, please contact:

 

ATG

For investor enquiries

For media enquiries

Company Secretary

 

investorrelations@auctiontechnologygroup.com

press@auctiontechnologygroup.com

cosec@auctiontechnologygroup.com

 

Teneo Communications

(Public relations advisor to ATG)

Tom Murray, Matt Low, Arthur Rogers

+44 207 353 4200

ATG@teneo.com

 

This announcement contains inside information for the purposes of Article 7 of the UK version of the Market Abuse Regulation (EU 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

 

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