NetScientific PLC (LON:NSCI) said chief executive François Martelet had resigned to help the healthcare technology group reduce its central costs and in order to pursue other career opportunities.
He will leave at the end of the month with chief financial officer Ian Postlethwaite combining his current role with that of running the company.
Chairman Sir Richard Sykes said: "The board would like to put on record its gratitude to François for his leadership of NetScientific since 2015 in a challenging IP commercialisation environment and wishes him every success in his future interests. We will seek to make the most of our reduced central costs with the aim of maximising the potential in our remaining portfolio companies."
In the same announcement, NetScientific said it had ended the lease on its headquarters in the City of London, adding it “continues to review all other activities to manage its cash resources effectively”.