- Autins Group announced Thursday that Michael Jennings, Chief Executive, gave notice Wednesday of his intention to resign.

'Michael has informed the Board that he has been approached by the new private equity owners of Hydro International Limited to re-join that company as its Chief Executive, having previously held this position prior to joining Autins,' the firm said in statement.

'Michael will continue as Chief Executive during his notice period, of up to twelve months, in order to ensure the continued smooth running and orderly handover of the business, whilst the Board undertakes a formal search process to recruit his successor.'

Adam Attwood, Non-Executive Chairman, said: 'During his tenure as Chief Executive, Michael has significantly improved the organisation, processes and detailed plans that are required to deliver the future growth from market penetration and customer diversification which underpins and remains the Company's strategic objective.'

At 9:06am: [LON:AUTG] Autins Group Plc share price was -15p at 94p

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