Mike Humphrey, chairman of IP Group, will step down from his position once a replacement has been found, while Lynn Gladden will leave the firm to join a research council later this year.
Mike Humphrey (pictured), non-executive chairman of commercialisation firm IP Group, announced his wish to retire last week and will leave his position with IP Group once a suitable replacement has been found.
Humphrey joined IP Group’s board in 2011 as a non-executive director before taking his current position in 2015.
Humphrey said: “Since joining IP Group, the company has undergone a rapid period of growth which has seen a near ten-fold increase in the value of the portfolio as well as expansion into both the US and Australasia.
“It has been an honour to work alongside such a talented team and I am confident that the group will go from strength to strength.”
Additionally, IP Group has appointed Heejae Chae as a non-executive director with immediate effect ahead of Lynn Gladden stepping down later this year. Chae is currently chief executive of Scapa, a supplier of products for the healthcare and industrial sectors.
Gladden has accepted a position as executive chairman of the UK Engineering and Physical Sciences Research Council, effective October 1. Retaining both positions would create a potential conflict of interest.
Alan Aubrey, chief executive of IP Group, said: “Mike has made a significant contribution to the growth of IP Group during his tenure. On behalf of the board and all of the company’s staff, I would like to thank Mike for his hard work and wise counsel over the years and to wish him well.
“I would also like to express my thanks to Lynn for her contribution over the last four years and I am delighted to welcome Heejae Chae to the board and look forward to working with him.”
IP Group has undergone several personnel changes over the past few months. Doug Liversidge, a non-executive director, stepped down at the end of last year, while David Begg was appointed senior independent director in January.
The firm has also been busy building its Australian team, naming Mike Molinari as managing director and appointing Alistair McCreadie as chief investment officer for Asia Pacific in November 2017.
Peter Grant was appointed chairman of the Australian subsidiary, in addition to his existing duties as managing director for new business and partnerships, in May 2017.
– Picture courtesy of IP Group
