Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced changes to the roles of the Board of Directors, with immediate effect.

Current Non-Executive Director, William Meldrum, will assume the role of Chair of the Board, and Mark Cubitt, Chair, will move into a Non-Executive Director role, following his recent appointment as Executive Chair of IQE plc. All Board committees remain the same.

Mark Cubitt has extensive multinational experience gained over the last 35 years, including 24 years in the PLC environment and eight years as chief financial officer at Wolfson Microelectronics plc until its sale to Cirrus Logic in August 2014. He is currently non-executive chairman of AIM listed Concurrent Technologies plc.

Previously Mr Cubitt was non-executive chairman of Superglass Holdings plc and was part of the team that turned around the business before its sale in 2016. He also served as VP of finance at Jacobs Engineering and was finance director of Babtie Group until the sale of the company to Jacobs Engineering in 2004. During his time at Jacobs, he also sat on the board of highways maintenance firm BEAR Scotland and was its chairman in 2006. Mark Cubitt has also worked at Denholm Oilfield Services Limited, Dawson International plc, Christian Salvesen plc and its then subsidiary Aggreko.

Mark Cubitt is a Chartered Accountant and a member of the Association of Corporate Treasurers, and has a degree in Accountancy and Computer Science from Heriot-Watt University.

Gordon McArthur, CEO at Beeks, commented:

“We are grateful for the leadership Mark has provided over the last seven years, and pleased we will continue to benefit from his insight on the Board. Will’s understanding of the technological landscape of financial markets and experience in building a global data and technology business is a huge asset to us and we’re delighted he has agreed to take on the role of Chair.”