The decision is not a big surprise as the company has previously indicated "the axis of the company is switching to the USA"
(), which is rebasing to the US, said chief financial officer Robin Cridland will leave the company at the end of August.
The company said Michael Norris will take over as the interim chief financial officer (CFO) with effect from September 1.
Norris is an experienced private and public company CFO with over 20 years' board level experience, Itaconix said.
The board of the designer and manufacturer of speciality polymers is on the look-out for a permanent replacement for Cridland.
“The board thanks Robin for his dedicated service to the company over many years and wishes him well in his new endeavours. We are pleased to welcome Michael to Itaconix," said John Shaw, the chief executive of Itaconix.
Itaconix’s shares were up 1.4% at 2.23p in early deals.
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