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Nektan CEO resigns

Lucy Buckley will step down from the role with immediate effect, with founder and executive director Gary Shaw to assume the role of interim CEO

Nektan PLC - Nektan CEO resigns

The chief executive of Nektan PLC (LON:NKTN), Lucy Buckley, has resigned with immediate effect.

The online gaming technology provider said after the close on Tuesday that Buckley will remain available to the board for “a period of time” to enable a smooth transition to a new leadership structure, for which it had commenced a review, while Gary Shaw, its founder and executive director, would assume the role of interim CEO.

READ: Nektan in position for coming year after 'decisive action' and client launches in fourth quarter

Buckley said that as part of a recent restructuring of the business, now was the “right moment” to step away from the role of CEO, adding that the business had a “solid foundation of proprietary technology and a fast-growing B2B business” to help it capitalise on the “many global opportunities ahead".

"On behalf of the board, I would like to thank Lucy for her stewardship during a period of industry change and challenges in the UK market,” Shaw said, adding that the company remained “confident” that its sales pipeline had the scope to drive “significant revenue growth” in both its B2C and B2B divisions.

Quick facts: Nektan PLC

Price: 2.75 GBX

Market: AIM
Market Cap: £6.65 m

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