- IT services provider Redcentric said chairman Chris Cole had notified the boar of his intention to stand down once a suitable successor had been found.

The company said it would now commence a search process for a new chairman, led by senior independent director Steve Vaughan.

'On behalf of the Board and all at Redcentric, I would like to thank Chris for his counsel, guidance and leadership over the last five years and wish him all the best for the future,' chief executive Peter Brotherton said.

'Chris has led the board through a time of major change for the company and leaves Redcentric in a stable position with a clearly defined strategy and opportunities for growth.'

At 1:41pm: [LON:RCN] Redcentric PLC share price was -0.1p at 77.6p

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