Arcontech Group names Matthew Jeffs as new Chief Executive Officer

AIM-listed real-time software specialist Arcontech Group has appointed Matthew Jeffs as Chief Executive Officer of the group with effect from April 29th 2013.

Richard Last and Steve Prout, who assumed additional responsibilities following the departure of Arcontech's previous Chief Executive Officer, will resume their roles as Group Chairman and Non Executive Director and Director of Arcontech Limited, respectively, the group said.

Jeffs spent ten years with Dow Jones and then six years with Reuters in a variety of roles after obtaining his MBA qualification, Arcontech reported.

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Richard Last, Group Chairman, commented: "I am delighted that Matthew has decided to join Arcontech as Chief Executive. His knowledge of Arcontech's sector together with his wide knowledge of international business will be a great asset to the group. I believe that Arcontech has considerable opportunities which will only be enhanced by Matthew joining the group."

Matthew Jeffs, Chief Executive Officer, commented:"I am extremely pleased to be joining Arcontech, which has a well-earned reputation within the financial sector as an innovative and trusted partner. Together with the team, I look forward to building upon these qualities to grow and deliver the undoubted benefits Arcontech provides to an expanded audience."

Arcontech's share price was up 6.25% to 0.08p at 11:39 on Wednesday.

MF