REG - Oxford Metrics PLC - CEO Succession

Oxford MetricsAnnouncement

10/07/2023 07:00

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RNS Number : 4107F  Oxford Metrics PLC  10 July 2023

10 July 2023

Oxford Metrics plc

 

("Oxford Metrics", the "Company" or the "Group")

CEO Succession

 

Oxford Metrics plc (LSE: OMG), the smart sensing software company, servicing
life sciences, entertainment and engineering markets, is pleased to provide
details of an orderly CEO transition process that will be implemented over the
coming months.

 

The Board is delighted to announce the appointment of Imogen Moorhouse,
longstanding leader of the Group's Vicon division, as CEO of Oxford Metrics
plc with effect from 1 October 2023. This appointment follows the selection of
Nick Bolton, current Oxford Metrics CEO, to be the next CEO of Ordnance
Survey, the UK's national mapping agency.

 

During her 22 years at Vicon, Imogen has gained increasing levels of
responsibility, culminating in her appointment as Vicon's CEO in 2012.
Initially recruited in 2001 as the Sales Engineer for Vicon's Asia Pacific
Life Sciences business, she was promoted in 2005 to serve as Sales and Support
Manager for Vicon's business outside the Americas. She subsequently rose to
become Managing Director of Vicon with complete P&L responsibility for its
operations outside the Americas. She was appointed CEO of Vicon in 2012 and
has held the position ever since, growing the business both organically and
through acquisition to over 170 people today. Following the disposal of Yotta
in 2022, Imogen has been CEO of the entirety of Oxford Metrics' trading
operations and has been integral to the development and implementation of the
Group's current five-year strategic growth plan.

 

In order to ensure a smooth transition, Imogen will shadow Nick on all
Group-related CEO activities over the coming months. Imogen's appointment will
follow the completion of the required regulatory due diligence by the
Company's Nomad.

 

Roger Parry, Non-Executive Chair, said:

 

"Although it is sad to see Nick go after so many years of excellent service,
we congratulate him on his new appointment and wish him well in the role.
Nick has been pivotal to the growth and development of our Group for many
years and has partnered with Imogen in many of the initiatives that have
contributed most to our success. Given her significant experience of our
business, of the markets we operate in and the culture we cherish, the Board
is delighted to welcome Imogen to her new broader role at Oxford Metrics. We
are very fortunate to have such a natural internal successor to take us
forward as we continue to execute successfully against the five-year plan for
growth."

 

Nick Bolton, CEO of Oxford Metrics, commented:

 

"It has been an honour to lead Oxford Metrics over the last 18 years and to
see smart sensing and analysis successfully deployed by our great team in so
many amazing applications. Anyone who knows me knows how passionate I am about
the opportunity for Oxford Metrics and I have every confidence in Imogen's
ability and passion to lead this great team. She has played a central role in
our firm's growth and strategic direction, and in delivering the strongest
ever first-half performance just reported. I will be her loudest champion as
she takes the business forward."

 

Imogen Moorhouse, CEO of Vicon and CEO designate of Oxford Metrics, said:

 

"Having been with Oxford Metrics for 22 years, the last 11 as CEO of Vicon,
I'm delighted to take up the position as CEO of the Group. We're on a mission
to create a Group focussed on expanding market opportunities by extending,
enhancing and embedding what we already do best for over 10,000 customers
worldwide.

 

Oxford Metrics has been at the forefront and intersection between the digital
and physical world since inception and with AI front of mind this is only
going to get more exciting. We're making good progress in executing against
our five-year plan, supported by buoyant demand across all market segments and
I'm energised to lead our global team forward at this exciting time."

 

 

For further information please contact:

 

 Oxford Metrics                                   +44 (0)1865 261860
 Nick Bolton, CEO
 David Deacon, CFO

 Numis Securities Limited                         +44 (0)20 7260 1000
 Simon Willis / Hugo Rubinstein / Tejas Padalkar

 FTI Consulting                                   +44 (0)20 3727 1000
 Matt Dixon / Emma Hall / Jamille Smith

 

Notes

·    Current Oxford Metrics plc financial year runs to September 30th 2023

·    A trading statement from the company will be issued in October
following the year end

·    A Capital Markets Day is planned for October 2023

·    Preliminary Results are expected to be released in December 2023

·    The company's next Annual General Meeting will be held in February
2024

About Oxford Metrics

 

Oxford Metrics develops software that enables the interface between the real
world and its virtual twin. Our smart sensing software helps over 10,000
customers in more than 70 countries, including all of the world's top 10 games
companies and all of the top 20 universities worldwide. Founded in 1984, we
started our journey in healthcare, expanded into entertainment, winning an
OSCAR® and an Emmy®, then moved into defence and engineering. We have a
track record of creating value by incubating, growing and then augmenting
through acquisition, unique technology businesses.

 

The Group trades through its market-leading division: Vicon. Vicon is a world
leader in motion measurement analysis to thousands of customers worldwide,
including Guy's Hospital, Industrial Light & Magic, MIT and NASA.

 

The Group is headquartered in Oxford with offices in California, Colorado, and
Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company
listed on AIM, a market operated by the London Stock Exchange. For more
information about Oxford Metrics, visit www.oxfordmetrics.com
(http://www.oxfordmetrics.com)

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