Liversidge has been on the board of commercialisation firm IP Group since it bought its peer Fusion IP in 2014.

Doug Liversidge, a non-executive board director at UK-based commercialisation firm IP Group, will resign from the position at the end of 2017.

Liversidge has been with IP Group since the company bought its peer Fusion IP, where he was chairman, in 2014, taking on board Fusion’s commercialisation links with the universities of Sheffield, Cardiff and Swansea.

Liversidge worked for steelmaker British Steel for 21 years and had been chairman of UK-based medical apparatus producer Surgical Innovations until October 2015.

Mike Humphrey, non-executive chairman of IP Group, said: “I would like to thank Doug both for his contribution to the Group and his wise counsel.

“He has played an important role in aiding the successful integration of Fusion IP and the group’s growth since that time and we wish him all the very best in his retirement.”

IP Group also disclosed that David Begg, a non-executive director, will be given the position of senior independent director from January 1.

Begg joined IP Group in the wake of firm’s all-share takeover of Touchstone Innovations, another commercialisation peer, for approximately $646.6m in October 2017.

He was previously the principal of Imperial College of London’s (ICL) business school. ICL’s tech transfer operation is managed by Touchstone under the banner Imperial Innovations.