| Plethora Solutions CFO to step down |
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| Friday, 27 June 2008 | |
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Brad Hoy is to step down as chief financial officer of Plethora Solutions Holdings PLC in July 2008.
He will be succeeded by David Ellam, formerly group financial controller of specialist healthcare company Ark Therapeutics Group plc, who will join the board as chief financial officer upon Hoy's departure. Hoy joined Plethora Solutions as chief financial officer in 2005 and was instrumental in the company's flotation on AIM and the subsequent acquisition of Timm Medical Technologies in 2006. Following on from the recent Paul Capital Healthcare transaction, Hoy has provided the company with a strong foundation for its continued development. Ellam, 44, was group financial controller at Ark Therapeutics from October 2001 and was previously director of financial planning and analysis within the credit card division of Morgan Stanley. He qualified as a chartered accountant in 1989 with Coopers & Lybrand. Stuart Wallis, chairman of Plethora (LSE:PLE), a specialist developer of products for the treatment and management of urological disorders affecting both men and women, said, "Brad has played a key role in transforming Plethora from an early stage development company to a specialty pharma business with a diversified, late-stage product portfolio." Related links |
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