Guardian IT Group’s managing director, Roland Mann, together with finance director Nigel Lee, left last week and will be followed by sales director Andrew Desascoign.
A spokesman for Guardian, which was due to announce full-year results on 5 March (yesterday), confirmed Mann and Lee had left the group and Desascoign would follow soon.
But he said the company was not obligated to reveal the departures to the City because the two directors were attached to a “subsidiary board”.
He added the three worked for Guardian IT’s disaster recovery and business continuity division, which was described in the company’s interim results as “core”.
The spokesman said the departures were not connected to the recent decline in the company’s share price which currently stands at £8.20 — less than half its 52-week high of £16.72.
IDC services analyst Jamie Snowdon said Guardian IT made a number of high-profile acquisitions last year and suggested a change in culture may have led to the departures.