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Synectics PLC said on Monday that it has appointed Amanda Larnder as its permanent chief executive officer with immediate effect. Larnder, who had been serving as interim CEO and chief financial officer, stepped into the role following the sudden death of former CEO Paul Webb in August. The Sheffield, England-based provider of advanced security and surveillance systems solutions, said Larnder had been instrumental in maintaining the company’s growth ‘in what has been a difficult period for the company and its employees’. The company reinstated its interim dividend earlier this year for the first time in five years. For the six months ended May 31, Synectics reported pretax profit of £1.8 million, nearly tripling from £631,000 in the same period the previous year. Revenue increased by 20% to £26.3 million, up from £21.9 million. Larnder joined the AIM-listed firm as CFO in July 2022. Non-Executive Chair Bob Holt said: ‘On behalf of the board, I am delighted that Amanda has been appointed as the company’s permanent chief executive officer. Not only has Amanda provided both stability and strength, but her knowledge of, enthusiasm, and strategic vision for Synectics have been central to this decision.’ Larnder will continue to oversee the finance and administrative functions until a new CFO is appointed. The search for her successor in the role is underway, with further announcements expected in due course. Shares in Synectics were up 3.9% up at 316.95 pence each in London on Monday afternoon. Copyright 2024 Alliance News Ltd. All Rights reserved.
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