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EG Solutions to keep non-exec on board

Bob Krakauer was originally appointed to eg’s board as a representative of Aspect, a company he has now left
board room
Krakauer joined eg's board in August 2015

EG Solutions PLC (LON:EGS) has told investors that non-executive director Bob Krakauer will remain part of the board, despite him stepping down as chief financial officer of Aspect Software Inc.

Krakauer was originally appointed to eg’s board back in August 2015 as a representative of Aspect which has a 9.5% stake in the back office work optimisation specialist.

Even though he has now left Arizona-based Aspect, he will continue in his non-exec role because of his “substantial experience in global technology companies”, eg said.

As a result of him cutting his ties with Aspect, he will now be considered an independent non-executive director.

eg said it is no longer obliged to have a representative from Aspect on its board and so won’t be replacing Krakauer.

eg and Aspect have been involved with one another for almost four years and have a strategic partnership and a re-seller agreement in place.

Shares closed up slightly on Friday to trade at 41p.

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EG Solutions plc Timeline

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