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InterQuest's Mark Braund resigns

The Board has commenced a process to identify his successor and Braund whose contract has a six-month notice period, has agreed to remain with the C#company up until the end of the year to ensure a smooth handover.

Once his role as chief executive concludes, Braund has agreed to remain on the Board as a non-executive director of the company.

As announced at the time of the Company's Annual General Meeting on 29 June 2015, the Company has had a very encouraging first half of the year. The growth in net fee income in both the Company's permanent and contract business has seen net fee income in the period increase by approximately 6 per cent and adjusted earnings before interest and tax increase by approximately 16 per cent when compared to the first half of 2014.

The approach to developing networks of talented candidates is providing the Company with an excellent position in its specialist areas of the technology recruitment sector such as digital skills and data analytics. This growth into specialist niche markets is also allowing the Company to continue to improve operating margins.

Gary Ashworth, chairman, said, "Mark has been an excellent colleague for the past four years and has delivered a number of notable improvements for the Company, including building a strong operational management team. Whilst we will miss him as Chief Executive we understand his desire to seek a fresh challenge, and wish him well. I am pleased that he will remain with us as a Non-Executive Director as his experience and knowledge of the Company and the sector will prove extremely valuable to the Board."

Braund added, "I have thoroughly enjoyed my time at InterQuest, which is an excellent business with great staff that plays a key role in some of the most exciting sectors in the whole recruitment industry. I will leave my role as chief executive in the knowledge that the business is performing strongly and I look forward to remaining on the Board in a non-executive capacity and supporting its continued growth."

InterQuest will report its half year results for the six months to June 30th on September 8th 2015.


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