(Sharecast News) - Medical imaging analytics company Ixico announced on Friday that its chief executive officer Giulio Cerroni planned to retire from his position, and as a director, by the end of 2024.

The AIM-traded firm said the decision aligned with his notice period, and was aimed at facilitating a smooth transition of responsibilities.

Its board said it had launched the process of selecting a new CEO, following its established succession plan.

Ixico said it would provide further updates to the market as the CEO selection process unfolded.

At 0952 GMT, shares in Ixico were down 0.08% at 12.99p.

Reporting by Josh White for Sharecast.com.