Auction Technology Group Plc. (ATG.L), an operator of marketplaces for curated online auctions, on Thursday announced that Tom Hargreaves has informed the Board of his intention to step down as Chief Financial Officer and as a Director. He intends to take up a new position with a private equity-backed company.
Hargreaves will remain with the Company until early next year in order to ensure a smooth transition. The company said its Board has initiated a search for his replacement, and will make a further announcement regarding a successor, and associated timing of appointment, in due course.
John-Paul Savant, CEO noted that Hargreaves has been with ATG for almost eight years and played a key role in the ATG journey. Hargreaves, CFO, said, "I'm incredibly proud of what we have achieved in the time I've been at ATG. I'm confident that ATG is in a strong position for ongoing success and I look forward to working with John-Paul and the Board to ensure a smooth transition."
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