REG - Mind Gym PLC - Directorate Changes

Mind GymAnnouncement

22/04/2024 07:15

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RNS Number : 4081L  Mind Gym PLC  22 April 2024

22 April 2024

Mind Gym plc

 ("Mind Gym" or the "Company" or "Group")

Directorate Changes

CEO Succession and other board changes accelerated

Mind Gym (AIM: MIND), the global provider of human capital and business
improvement solutions, announces an update regarding the planned changes to
its Board and leadership team as part of the evolution from being a founder
led business, accelerating the changes communicated on 1 December 2023.

 

Board Changes

 

Christoffer Ellehuus, who has been acting as CEO-designate since 8 January
2024, is appointed to the role of Chief Executive Officer and joins the Board
of Directors with immediate effect.

 

Octavius Black transitions to the role of Executive Chair, with executive
responsibilities focusing on increasing MindGym's market presence, further
development of thought leadership and building relations with major clients.

 

As a result of these changes, Ruby McGregor Smith will step down from her role
as Non-Executive Chair and from the board with immediate effect.  The
Directors would like to thank Ruby for the significant contribution she has
made to MindGym since joining the Board in November 2020 and assuming the role
of Chair in July 2021.

 

Other Directors

 

Sally Tilleray continues as Senior Independent Director, Trevor Phillips as
Independent Non-Executive Director, and David Nelson as Non-Executive
Director.  Dominic Neary and Sebastian Bailey continue in their current
executive roles.

 

The search for a new Independent Non-Executive Director has now commenced and
an update will be provided in due course.  As previously communicated, Joanne
Cash will continue in her role as Non-Executive Director but is not seeking
re-appointment at the AGM in July 2024 and will step down from the role at
that juncture.

 

Octavius Black, Executive Chair of Mind Gym, said:

 

"I'm delighted by the progress that Christoffer has made in his first 100 days
at MindGym in understanding the business, building relationships with clients,
getting to know our team and shaping his strategy for the future of the
company.  It makes great sense for the team and for our stakeholders to
accelerate the transfer of CEO responsibilities, so our new financial year
starts with our new CEO formally in place, rather than waiting until the AGM
as we had previously expected.

 

"I'm immensely grateful to Ruby for her sterling service as Chair of MindGym,
helping steer us through the external turbulence of COVID, Ukraine and the
cost-of-living crisis.  She has been a very supportive partner throughout
these challenging times.

 

"I look forward to taking on the mantle of Executive Chair with particular
focus, beyond chairing the Board, on promoting MindGym in the market and
building our relationships with the leaders of many of the world's most
ambitious companies whilst supporting MindGym with its pioneering human
capital solutions".

 

Christoffer Ellehuus, Chief Executive of Mind Gym, said:

 

"Since joining MindGym in early January, I have had the opportunity to spend
time with our clients and teams in both our EMEA and US markets and I've
returned excited about the future growth potential for the business. I believe
that we have all the right foundations for future growth potential: strong
client relationships, innovative solutions, and a very talented team. I am
excited about leading MindGym forward to success."

 

Enquiries

 Mind Gym plc                            +44 (0) 20 7376 0626

 Octavius Black (Chair)                  investors@themindgym.com (mailto:investors@themindgym.com)

 Christoffer Ellehuus (CEO)

 Dominic Neary (CFO)

 Liberum (Nominated Adviser and Broker)  +44 (0) 20 3100 2000

 Nick How

 Edward Mansfield

 Anake Singh

 MHP (for media enquiries)               +44 (0) 20 3128 8100

 Reg Hoare                               mindgym@mhpgroup.com (mailto:mindgym@mhpgroup.com)

 Katie Hunt

 Veronica Farah

 

About MindGym

 

MindGym is a company that delivers business improvement solutions using
scalable, proprietary products which are based on behavioural science.  The
Group operates in three global markets: business transformation, human capital
management and learning & development.

 

MindGym is listed on the London Stock Exchange Alternative Investment Market
(ticker: MIND) and headquartered in London. The business has offices
in London, New York and Singapore.

 

Further information is available at www.themindgym.com
(http://www.themindgym.com/)  @themindgym

 

Regulatory Disclosures

 

Save for the information set out above and below, there are no further
disclosures to be made in accordance with Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies in respect of the appointment
of Christoffer Trojahn Ellehuus. Mr Ellehuus, aged 51, does not hold any
beneficial interest in the Company's share capital.

 

 Current directorships  Previous directorships (within the last 5 years)
                        TwentyEighty Strategy Execution, Inc

 

 

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