StockMarketWire.com - Midwich announced as part of a review of succession plans for the role of finance director, Anthony Bailey will step down as finance director and from the Board on 30 June 2018.

Anthony requested the role of finance director be considered as part of the group's succession process and having helped steer the company through its successful IPO in 2016, he now wishes to focus on other interests.

The Board said Stephen Lamb has been appointed to succeed Anthony as finance director and will join the Board on 30 July 2018.

Stephen Lamb is a qualified chartered accountant and is currently senior vice-president and chief financial officer of the international division of Iron Mountain INC, a US-listed global business dedicated to storing, protecting and managing information and assets.

Whilst at Iron Mountain, Stephen had a strong commercial finance role supporting the profitable and cash generative development of the international business. He led an international finance team, developed back office systems and processes and overseen a number of international acquisitions. Stephen has also held previous finance roles at Regus and Experian.

Midwich managing director Stephen Fenby said: "On behalf of the Board, I would like to take this opportunity to thank Tony for the contribution he has made to Midwich's success over the last six years.

"Tony helped prepare the group for its IPO in 2016 and its subsequent establishment as a public company. It has been a pleasure to work alongside Tony and I wish him well for the future.

"I am delighted that Stephen has agreed to join the group and I am confident that his recent experience with growing and managing international businesses will be of great benefit to Midwich as we continue to expand our footprint across the globe."




Story provided by StockMarketWire.com