Allan Wood will become chairman at Venn Life Sciences Holdings plc (LON:VENN) on September 20, replacing Tony Richardson, CEO, who has been acting as executive chairman since the beginning of the year.
Richardson told investors: "I am delighted to welcome Allan to Venn. Allan has extensive relevant experience in scaling businesses in health services and related sectors and I believe will add significant value as we seek to continue our current growth trajectory.
"Allan's experience includes both organic business growth and M&A and together we can continue to build a successful and sustainable business for shareholders."
Shares added 1.79% to 28.5p.