The Board of ADVFN today announced that Jon Mullins is stepping down from his position as a director with immediate effect.

The ADVFN Board noted that Mr Mullins has made a valuable contribution to the company during his tenure and the Board thanked him for his service.

The company is in the process of identifying a successor to Mr Mullins as finance and technical director. In order to facilitate an orderly handover of responsibilities, Mr Mullins will continue to provide financial consultancy services to the company on an interim basis.

In the meantime, Amit Tauman will assume Board responsibility for finance.