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IN BRIEF: Thruvision promotes CFO Victoria Balchin to chief executive

ALN

Thruvision Group PLC - Abingdon, England-based walkthrough people-screening technology - Promotes Chief Financial Officer Victoria Balchin to chief executive officer, starting on Thursday. Balchin joined Thruvision as CFO in late 2022. She replaces Colin Evans, who left in October. She also will remain CFO for ‘the forseeable future’, Thruvision says. Executive Chair Tom Black will remain involved in day-to-day management and is leading a review of sales operations. ‘I am certain that [Balchin] is the right person to lead the Thruvision team as we enter a crucial phase on our journey to profitability,’ Black says. In the six months that ended September 30, Thruvision reported a £2.5 million pretax loss, widened from £1.6 million a year before, on revenue of £1.9 million, down from £3.5 million.

Current stock price: 7.00 pence

12-month change: down 63%

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