NetScientific plc announced changes to its Board of Directors. Sir Richard Sykes will retire from the Board following nine years as Chairman. John Clarkson, currently a Non-Executive Director of the Company, will take over as the Chairman of the Board with immediate effect.

In addition, Ian Postlethwaite will retire from the Board and step down as CEO/CFO and Company Secretary following four years at Netscientific during April 2020. It is expected that Ilian Iliev, currently a Non-Executive Director, will become a part time Executive Director and interim CEO once terms have been agreed. A further announcement will be made at this point.

It is anticipated that Stephen Crowe, currently Financial Controller, will take over as interim CFO during April 2020 once terms have been agreed.