REG - IntelliAM AI PLC - Directorate Change

AS SAAnnouncement

13/01/2025 08:00

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RNS Number : 9869S  IntelliAM AI PLC  13 January 2025

13 January 2025

 

IntelliAM AI Plc

('IntelliAM' or the 'Company')

 

Board Change

 

IntelliAM AI plc (AQSE: INT), the software company leveraging the power of
AI and machine learning in the manufacturing industry, announces a planned
change to its board.

 

David Richards MBE, co-founder and non-executive Chairman of the Company, will
step down as Chairman and as a director in six months' time, on 3 July 2025,
as part of a planned transition. This decision aligns with the board's
post-IPO succession plan, which envisaged David's tenure as Chairman lasting
for 12 months following the successful public listing of the Company.

 

The board has initiated a formal process to appoint a successor and is
confident this will ensure a smooth and seamless transition of leadership.
David will remain in the role of Chairman for the next six months to support
this process and provide continuity during this planned transition period.

 

David Richards MBE commented:

 

"As Co-Founder of Intelliam AI, I am immensely proud of what we have achieved
since the company's inception and during our journey to becoming a listed
entity. The decision to step down as Chairman has always been part of our
strategic plan, enabling me to focus on my role as Managing Partner of
Yorkshire AI Labs, which remains fully committed to supporting Intelliam AI as
a 20% shareholder. My belief in the company's vision, strategy, and leadership
team is unwavering, and I look forward to continuing to support its success
through my ongoing involvement."

 

The Board expresses its sincere gratitude to David for his exceptional
leadership, particularly during the critical IPO phase. Further updates
regarding the appointment of a new Chairman will be announced in due course.

 

 Enquiries:

 IntelliAM AI plc                                     +44 114 299 5007

 Tom Clayton, Chief Executive Officer

 Daud Khan, Chief Financial Officer

 Oberon Capital - AQSE Corporate Adviser and Broker   +44 203 179 5300

 Adam Pollock

 Mike Seabrook

 Jessica Cave

 Square1 Consulting - Financial PR                    +44 207 929 5599

 David Bick                                           +44 7831 381201

 

 

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