Redcentric's CEO Steps Down After Just Two Months

Company - People | Apr 03, 2025 | Business Cloud

Redcentric's CEO Steps Down After Just Two Months

IT managed services provider Redcentric announced a significant leadership change as its CEO designate, Brian Woodford, stepped down from his position due to personal reasons. Woodford, who was named CEO-in-waiting on February 3rd, had only recently assumed the role but chose to resign. Peter Brotherton, who was set to transition to an advisory role, will now continue as CEO, ensuring continuity and stability within the company. This leadership shakeup follows the recent departure announcement of Redcentric's CFO, David Senior. Despite these changes, the company's share price remains largely unchanged since the beginning of the year, with a current market cap of £192.31 million.

Sectors

  • Information Technology
  • Corporate Governance

Geography

  • United Kingdom – Redcentric is a UK-based company and the events discussed occur within the context of its operations in the UK.

Industry

  • Information Technology – Redcentric operates within the IT managed services sector, providing crucial support and solutions to various business clients.
  • Corporate Governance – The article highlights changes in the executive management team and involves corporate governance matters.

Financials

  • 192.31m – The market capitalization of Redcentric.
  • 121p – Current share price of Redcentric.

Participants

NameRoleTypeDescription
RedcentricCompany undergoing leadership changeCompanyAn IT managed services provider headquartered in the UK.
Brian WoodfordFormer CEO designatePersonWas appointed as CEO-in-waiting of Redcentric on February 3rd but resigned after two months.
Peter BrothertonCurrent CEOPersonHas decided to continue as Redcentric's CEO after initially planning to move to an advisory role.
David SeniorFormer CFOPersonAnnounced departure from Redcentric following the leadership changes.
Richard McGuireChairman of RedcentricPersonExpressed gratitude towards Brian Woodford's service and emphasized the strength of Redcentric's leadership.