- Energy saving group Sabien Technology said founder and chief executive Alan O'Brien had resigned, with immediate effect.

Current chairman Richard Parris had become executive chairman and Davis Bakst promoted to the role of managing director.

Sabien Technology said it was likely that O'Brien would continue to work with the company from time-to-time on special projects.

'"Now that the company is entering a new phase I believe it is "the right moment" to step away from the role of CEO to pursue other entrepreneurial opportunities,' O'Brien said.

'I intend to remain a shareholder of the company and wish our clients, shareholders and especially the operational team at Sabien, the very best for the future.'

At 9:37am: [LON:SNT] Sabien Technology Group PLC share price was 0p at 0.24p

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