British reseller Softcat’s managing director, Colin Brown sold 125,000 shares for £12 each – totalling £1.5 million and then announced he was going in July.
Brown’s departure was confirmed by the London Stock Exchange-listed business along with the name of his successor, Richard Wyn Griffiths, who joined Softcat in 2002.
However, the company says there is nothing untoward in the move. CEO Graeme Watt said Brown’s decision to step down had “not been an overnight one” and that succession planning had been in the works for ages.
