THE chief executive of a
But Strauss told City A.M. that the decision was an "amicable" one.
"I've no axe to grind against the company whatsoever," he said, adding that the company will likely be looking for someone with greater industry experience to take the company forward.
"It's got to that stage where I felt that the input that I could give the company wasn't necessarily going to be as effective going forward as it has been historically," he said.
Strauss said he was proud of the work he has done since he joined in March last year and was confident the company's technologies will get approval from the
"I've managed to take a company that was dead completely on its feet and turn it into a potential business," he said. "I've achieved, I think, more than I was expected to achieve."
His resignation comes after City A.M.
recently reported that investors were continuing their battle to oust him and the firm's chief financial officer,
Investors have become increasingly frustrated as the company has failed to make any products since floating on
But Strauss said that the decision was not linked to this campaign.
"I don't think it's really a reaction to that," he said. "Not one of my directors has turned around to me at any time and said, 'you know, we've got these disgruntled shareholders who want you gone do you think you ought to go?' That's never come [into] the discussion."
It is unclear when
(c) 2024 City A.M., source