Bango shares dip after confirmation CFO will leave in November
Mobile commerce firm Bango saw its shares dip on Thursday after confirming that chief financial officer Rachel Elias-Jones will leave on 12 November.
Bango
124.00p
13:34 24/04/24
FTSE AIM All-Share
755.16
13:45 24/04/24
Software & Computer Services
2,416.74
13:45 24/04/24
Elias-Jones, who has been in the position for four years, previously served as the company’s financial controller after working for Grant Thornton and PricewaterhouseCoopers and is moving on to take on a position at another company.
Ray Anderson, chief executive at Bango, said: "End user spend is twenty times higher than when she joined Bango, with Bango operating on a stable cost base as growth continues. Rachel will be an asset to her new company and we wish her well in her career."
The board has recruited an interim replacement who will start on 8 October to ensure for a smooth transition while a permanent successor is approved.
"I thank Rachel for her contribution to the growth of Bango as a leader in mobile commerce, and her contributions to the strong Bango financial systems and success of Bango customers," said Anderson.
Bango’s shares were down 6.38% at 157.75p at 1640 BST.