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.

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.

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

Recommended

Too embarrassed to ask: what is short selling?
Too embarrassed to ask

Too embarrassed to ask: what is short selling?

Short sellers are often accused of unfairly driving share prices down to make a quick buck. But short selling is a perfectly legitimate – if risky – t…
26 Jan 2021
Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021