Bytes Technology Group plc (BTG), a software, security, and cloud services specialist, has officially appointed Sam Mudd as its CEO, following the unexpected resignation of Neil Murphy amidst allegations of unauthorized share trading. Mudd was an internal candidate, who had previously been a managing director of Phoenix Software, a division of BTG since its acquisition in 2017, demonstrating strong organic growth. Under her leadership, BTG’s focus will be on strengthening customer and vendor relationships and leveraging the expertise of its workforce. The company also added independent non-executive directors (NEDs) to bolster governance, including Ross Paterson as chair of the audit committee and Anna Vikström Persson, with backgrounds in finance and human resources respectively. BTG, after going public in 2020 with a valuation of £646.6 million, now boasts a market capitalization of £1.2 billion, despite a recent dip in share price. The preliminary financial results for FY24 are anticipated to be announced soon, alongside the conclusion of the investigation into Murphy’s conduct. Patrick De Smedt, chair of BTG’s board praised Mudd’s comprehensive understanding of the company and her leadership qualities. The announcement of establishing an ESG committee signifies the company’s commitment to environmental, social, and governance issues.

Information Technology, Corporate Services, Environmental, Social, and Governance (ESG),United Kingdom

New CEO at BTG plc as investigation continues into former leader