Medical technology company Surgical Innovations are up over 15 percent this morning, after board changes and a trading update showed a positive year for the Group.
Trading for the 2015 was in line with board expectations, as well as an improved performance in the second half of the year, with revenues up around 36 percent on the year before.
The company also announced the resignation of ex-Chairman and Non-Executive Director Doug Liversidge CBE, who has stepped down to “focus on other business activities”. He will be replaced by two new Non-Executive Directors, Alistair Taylor and Paul Hardy.
Executive Chairman, Nigel Rogers, said in a statement:
“Firstly, the Board places on record our appreciation for the many years of leadership which Doug has provided to the Company, and thanks him for his dedication and commitment.
“Looking to the future, we are delighted that Alistair and Paul are joining the Board. They bring both breadth and depth of experience and an excellent network of established contacts in our sector. They can offer extensive support in the continued improvement of our core activity, in business development and achieving operational excellence.”
Surgical Innovations (LON:SUN) are trading up 17.57 percent on the news (0941GMT).
