Mind Gym plc announced changes to its leadership team as part of the planned evolution from being a founder led business. Following an extensive search process, which commenced early in the year, and after consultation with key institutional shareholders, the Board announced the appointment of Christoffer Ellehuus as CEO designate. Christoffer is currently at Korn Ferry, where he is President of Digital and leader of the firm's Global Sales Effectiveness Practice.

He will join MindGym on 8th January 2024, transitioning to CEO by the time of the AGM in July 2024. At this point, subject to regulatory approval, he will be appointed to the Board of Directors. On Christoffer's appointment to the Board as CEO, Octavius Black will move to the role of Executive Chair.

Octavius's executive responsibilities will be focused on increasing MindGym's market presence, further development of product and thought leadership and building relations with major clients. In conjunction with the CEO succession, a series of further board changes are planned, to retain strong corporate governance, providing the right balance of skills, experience and independence, and to support the delivery of MindGym's strategy: Chair: Ruby McGregor-Smith's three-year term as Chair ends in July 2024. Octavius Black, the Group's current CEO, will, at this point, transition to Executive Chair.

Non-Executives Directors: Sally Tilleray will continue as Senior Independent Director, Trevor Phillips as Independent Non-Executive Director, and David Nelson as Non-Executive Director. Joanne Cash will not seek re-appointment at the AGM and will step down from the role of Non-Executive Director at that juncture. A new independent Non-Executive Director will be appointed by no later than the AGM.

Dominic Neary and Sebastian Bailey will continue in their current executive roles. Following the board restructure, the Board will consist of four Executive directors, including Octavius Black as Executive Chairman, alongside four Non-Executive Directors, three of whom will be independent.