ITE Chairman bows out after 10 years

23rd Mar 2012 11:15

Trade exhibitions group ITE will be under new management from tomorrow. The current Chairman Iain Paterson steps down Friday evening after 10 years with the company.During his time at the helm ITE shares have increased 576% in value, although the last 12 months have been difficult, with the stock falling 8.8%.As previously announced, Paterson is being replaced by current non-executive director Marco Sodi.ITE shares had fallen 0.95% by 11:18.BS