The Lord Poole, chief executive of Ockham Holdings plc, has resigned with immediate effect. The company announced it is now looking for a successor.
The day-to-day running of the company will be done by the remaining executive directors who will report to a management committee chaired by chairman Allen Thomas.
Ockham said it is considering reinforcing the non-executive component of the Board. It said this process is expected be concluded by 30 June 2002.
The Board said that following consultations with major institutional shareholders it is confident "the placing and open offer announced on 12 March 2002 will complete in accordance with its terms and timetable".
