A fortnight ago, I reported on the very significant changes at Lumesse where Chris Stone (ex of Northgate) joined as an interim CEO. It all seemed a little strange to me to appoint an ‘robust’ interim CEO when the new CEO would arrive very shortly. As a result I was told that might have something to do with ‘close family ties’ between Stone and HGCapital who have committed a new tranche of funding. A case of, rightly, looking after shareholders’ interests!
Today, Thomas Volk (see press release) was revealed as that new CEO. He comes (jumped ship?) from Dell where he was i/c of Dell’s commercial business in UK, France and Germany. Before that he was CEO of 3000-strong BPS provider IDS Sheer. So he certainly has the experience to join Lumesse - quite a small sub £100m company in comparison.