The boss of financial services software firm Microgen is stepping down and retiring once a strategic review, which is currently being carried out into the business is completed.
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Microgen CEO David Sherriff has informed the board that he intends to retire and will agree a date once the review, which started in May, is completed. He joined the firm in 1999 divisional managing d and was appointed to the board in 2002 and became CEO two years ago.
All options are being considered in the strategic review, with both selling off parts of the business one route that could be followed or alternatively making acquisitions to bolster the existing portfolio.
The review resulted from the move by Microgen beyond its traditional financial services vertical to grow sales in the digital media sector and start to ramp up business in the telecom and healthcare areas.
The firm is split into two divisions, on the financial services side and around the Aptitude Solutions product, and the review is looking at the best way the firm can continue to prosper from its position as a small, independent public company.
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