Iconic Labs PLC (LON:ICON) said it has appointed Sarah Dees as its chief executive and as an executive director with immediate effect.
The company said Dees has “a wealth of management and fundraising experience” across a variety of sectors including financial technology, banking, live events and natural resources.
READ: Iconic Labs updates on status of EHGOF settlement discussions
"I am delighted to have the opportunity to lead Iconic Labs through the next phase of its development following the recent Board changes. I will be prioritising early dialogue with OTT Holdings, alongside existing shareholders and lenders", Dees said in a statement.
The new CEO appointment follows news on Monday that directors John Quinlan, Liam Harrington and Sam Asante had considered their position in light of outstanding issues relating to the European High Growth Opportunities Securitization Fund (EHGOF), and had resigned with immediate effect on January 31.
EHGOF is run by alternative investment firm Alpha Blue Ocean Group.