Molten Ventures chair stands down due to 'health reasons'

17th Jan 2023 08:48

(Sharecast News) - Venture capital firm Molten Ventures revealed on Tuesday that Karen Slatford had announced her intention to retire as group chair, with immediate effect.

Molten said senior independent director Grahame Cook had been tapped by the board to take over from Slatford on an interim basis.

The FTSE 250-listed group, formerly known as Draper Esprit, added that Slatford chose to step down from the role due to "health reasons".

Chief executive Martin Davis said: "Karen will be a hard act to follow, she has provided invaluable leadership to myself, the executive team and the company as a whole, for which we are all deeply grateful. Her influence in growing the business to where it is today cannot be underestimated and we all wish her the very best."

As of 0845 GMT, Molten Ventures shares were up 0.43% at 419.40p.

Reporting by Iain Gilbert at Sharecast.com