London AIM-listed mobile gaming group Nektan Plc has begun executive search procedures after confirming the departure of Lucy Buckley as CEO.
Issuing a corporate statement, Nektan said that company founder and Executive Director Gary Shaw will act as company Chief Executive on an interim basis.
Buckley will ‘remain available to the board’ to help the company with its leadership transition, which forms part of a wider company restructuring.
Buckley, the former VP of Inspired Gaming Group’s Interactive division, was appointed as Nektan CEO last December, with the AIM mobile gaming group targeting its ‘next phase of growth’.
Last June, Nektan published a profit warning attached to its financial year ending on 30 June, with governance warning that corporate revenue increases would not be matched by earnings results.
However, the company maintained its long-term forecast that the company will break-even on EBITDA results by its financial year-end for 2019.
“On behalf of the board, I would like to thank Lucy for her stewardship during a period of industry change and challenges in the UK market,” said Gary Shaw. “The company remains confident that its sales pipeline has the scope to drive significant revenue growth in both the B2C and B2B divisions.”