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.