After ten years at the helm of transport and utilities software development company Gentrack Group, chief executive James Docking will step down from the position next year.
BusinessDesk reports the company board will start a international search to replace him.
In a statement the company says that Docking will stay on until the handover is made, and may remain involved in the business in a role that’s still to be agreed.
“Having reassessed the medium term executive needs of the expanding business, and my own personal circumstances, I have made the difficult decision to step back from the CEO role next year and assist with the transition of a new leader to take the business through its next stage of growth,” says Docking.
He has been with the company for more than 20 years and oversaw its initial public offering last year.
BusinessDesk reports that the company’s listing got off to a bad start after a significant earnings downgrade just five weeks after the IPO over a dispute between Gentrack and a major customer about a payment.
It says Gentrack got a ticking off by market regulator the Financial Markets Authority, which said the company could have been clearer when flagging certain risks, though no action was taken.
