Redcentric CFO Resigns Following CEO Change

Portfolio - People | Jan 27, 2025 | Business Cloud

Redcentric CFO Resigns Following CEO Change

Redcentric, a noted IT managed services provider headquartered in Harrogate, has announced a significant turnover in its leadership team. The company, which was established in 1997 and went public on the Aim market in 2013, employs around 500 personnel and serves over a thousand clients. Recently, Redcentric saw a change at the helm with Brian Woodford stepping into the role of CEO on February 3, succeeding Peter Brotherton. In a further leadership shift, David Senior, the Chief Financial Officer since 2017, has decided to step down. The precise date of his departure has not been confirmed. However, Senior will remain in his position until a replacement is found and will continue to oversee the financial matters of the company up until the financial year ending March 31, 2025. Richard McGuire, the non-executive chairman, lauded Senior's crucial contributions to the company, particularly in fortifying the finance team and steering the commercial progress of Redcentric. The firm's operations extend beyond the UK, including facilities in India.

Sectors

  • Information Technology Services

Geography

  • United Kingdom – Redcentric is headquartered in Harrogate, UK, and maintains several operations within the country.
  • India – The company has an offshore operation located in Hyderabad, India, indicating a geographical spread of its services.

Industry

  • Information Technology Services – Redcentric operates within the IT managed services space, offering various technology and telecommunications solutions to its clients.

Financials

    Participants

    NameRoleTypeDescription
    RedcentricTarget CompanyCompanyAn IT managed services provider headquartered in Harrogate, UK, listed on the AIM market.
    Brian WoodfordCEOPersonAppointed as the new Chief Executive Officer of Redcentric as of February 3.
    Peter BrothertonFormer CEOPersonServed as the CEO prior to the appointment of Brian Woodford.
    David SeniorCFOPersonCurrent Chief Financial Officer of Redcentric, announced stepping down after seven years of service.
    Richard McGuireNon-Executive ChairmanPersonNon-Executive Chairman of Redcentric, provided a statement regarding David Senior's departure.