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Cello Health PLC

Cello Health promotes non-exec director Chris Jones as long-time chairman steps down

Allan Rich had been with the company since it was founded but is stepping down and being replaced by Chris Jones

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Jones has sat on Cello’s board for the past two years

Healthcare-focused advisory group Cello Health PLC (LON:CLL) has appointed non-executive director Chris Jones as its new chairman with immediate effect.

Jones has sat on the Cello board for two years and will take over the reins from long-time chairman Allan Rich, who has stepped down.

READ: Cello Health sees half-year profits climb almost 10%

The change was first announced in last month’s half-year results, when it reported a 9% rise in profits.

“The board wishes to wholeheartedly thank Allan Rich for his invaluable contribution to Cello over the years from its inception,” said chief executive Mark Scott.

“Chris knows the group and the healthcare industry well and can help guide the board through the group's next stage of growth and development.”

Jones was previously the chairman and chief executive of marketing group J Walter Thompson, which is owned by ad giant WPP PLC (LON:WPP).

Shares were down 0.9% to 114p in mid-afternoon trading on Monday.

Quick facts: Cello Health PLC

Price: £1.27

Market: AIM
Market Cap: £134.2 m
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