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Martin Leuw has announced his resignation as CEO of IRIS after 10 years in the post. Nick Discombe steps up from being an NED to the role of Chairman. I understand no Group CEO will be appointed. Instead, IRIS is to be separated into two businesses.
-IRIS Accountancy Solutions (IAS) where Phill Robinson (who some of you will know from Salesforce.com) steps up from MD to CEO. We guess revenues here at c£40m.
-IRIS Software Group (ISG) c£80m revenues. A search is on to find a new CEO.
I spoke to both Martin and Nick earlier today. Martin and the company give the usual resignation reasons of ‘pursuing other business interests etc.’ But I sense it’s more “a time for a change” for both parties.
For the background to this and what might - indeed needs to -happen next at Iris, TechMarketView's Foundation Service subscribers can read our full analysis in HotViewsExtra.
