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LightwaveRF shares slip as CEO waves goodbye
Smart homes solutions provider LightwaveRF reshuffled its board after Andrew Pearson has stepped down from his role as chief executive and left the company.
The AIM traded company said on Monday that Pearson has been replaced by chief financial officer Kevin Edwards who will hold the role in the interim before Onzo Ltd's chief sales officer Jason Elliott joins as permanent chief executive in mid-September.
Barry Gamble, Chairman, said: "We look forward to welcoming Jason Elliott who brings with him a strong sales track record and a good understanding of the energy and related markets, which the company is seeking to address. His experience in fast moving technology businesses and the smart home market is highly relevant to LightwaveRF at this time.
Elliott has gained firsthand experience with smart home solutions through his work with Onzo, which provides energy data analytics to major utilities.
Previously, Elliott was divisional managing director at safety management software firm SafetyBank, held senior sales roles at Azzurri Communications Limited and served as an engineer in the Royal Navy Submarine Service.
As of 0919 BST, LightwaveRF's shares were down 9.09% at 12.50p.