Andy Malpass leaves Fidessa

A follow-up to LeapRate’s earlier report about Andy Malpass leaving Fidessa Group plc (LON:FDSA)…

The company today announces that Mr Malpass has retired as its executive director and leaves the Board with immediate effect. This is in line with his previously announced plans to step down once Fidessa publishes its 2015 financial results.

Mr Malpass joined the group in 1995 as Chief Financial Officer and remained in the role until October 2015. He has more than 30 years of experience in the software industry, with both private and public companies. He has a BA Hons. in Accounting and Finance from Lancaster University and is a fellow of the Chartered Institute of Management Accountants. He is also a non-executive director and the chairman of the audit committee at Kainos Group plc.

John Hamer, Chairman of Fidessa, says,

“Andy has served as the Company’s CFO for the past two decades during which time Fidessa’s revenues have grown from £7m to £295m (2015). Andy played a key role in our stock market flotation in 1997 and since then has been instrumental in helping develop the business into a global leader. Andy’s knowledge, commitment, integrity and pragmatic style are all highly valued within the Company, but are also widely recognised and admired in the investment community, where his solid and consistent approach has served all of Fidessa’s shareholders extremely well.

Andy has also helped ensure a smooth transition period and handover for his successor, Andy Skelton. We all thank Andy for his invaluable contribution to Fidessa and sincerely wish him all the very best for the future.”

You can view the announcement by clicking here.

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