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Surgical Innovations Group PLC on Tuesday confirmed that Charmaine Day has stepped down as its finance chief.

Shares in the Leeds, England-based surgical and medical instrument manufacturer were down 11% to 0.45 pence each in London on Tuesday afternoon.

Surgical Innovations said that Day will step down back in December.

Day joined the company in 2012 as financial controller and was promoted to CFO in 2021.

Michael Roper, an interim financial consultant, has been supporting the business since February 2024 and is now overseeing the finance function.

Roper will remain with the company to facilitate an ‘orderly transition process’ until a permanent CFO is appointed.

The process to recruit a new CFO continues, the company added.