Scottish cloud computing firm Iomart Group has appointed former bank executive Matthew Waymark as chief financial officer and director, filling one of two key vacancies at the company.
Mr Waymark held roles at NatWest, including finance director of the commercial & institutional division, and most recently as CFO of a start-up bank.
He trained as a chartered accountant at Deloitte and has held directorships at NatWest Pension Trustee and Coutts & Company. He does not currently hold any shares in AIM-quoted Iomart which is also seeking a full-time chief executive.
He replaces Scott Cunningham who left the Glasgow-based company at the end of June and takes up his role on 14 September.
Richard Last, executive chair, said: “Matt was selected following a thorough and rigorous process, and the board is confident that his experience and financial leadership will be a significant asset as we continue to execute our strategy and deliver value for shareholders.”
Mr Waymark said: “I look forward to working with the board and the wider team in rebuilding growth momentum and the delivery of its strategic priorities. This is a business with real ambition, and I am looking forward to contributing to its next chapter.”
In its annual results in june it posted adjusted loss before tax of £4m compared to a profit of £6.5m in the previous year.
#Iomart #hires #Waymark #chief #financial #officer #Daily #Business