RedstoneConnect Plc announced that Mark Braund, Chief Executive Officer of the Company, has notified of his intention to step down from the Company's board of directors. Frank Beechinor, currently Non-executive Chairman of RedstoneConnect, will assume the role of Chief Executive Officer with effect from 15, June 2018. As a result of the proposed disposal of the Systems Integration and Managed Services Divisions, the Company will be able to focus on its software business.

Frank has significant experience in growing SaaS-based software businesses and is well-placed to implement the company's strategy to capitalise on the increasing demand for workspace management software solutions. Mark will remain with the Company for several months to ensure a smooth transition following the completion of the disposal of the Systems Integration and Managed Services divisions. In addition, Guy van Zwanenberg, currently Non-Executive director, will assume the role of Non-executive Chairman with effect from 18 June.

The company will continue to evaluate the composition of the board and will consider the appointment of an additional non-executive director with the relevant expertise as RedstoneConnect's strategy evolves.