Information  X 
Enter a valid email address

Innovision directors and CEO resign

By BFN News | 04:11 PM | Monday 26 July, 2010


Innovision Research & Technology directors David Wollen, Brian McKenzie, and Steve Morris have resigned. Broadcom International's recommended cash offer for Innovision Research & Technology has been declared unconditional and the company's shares will be cancelled from trading on from AIM on 13 August. Wollen - who took over as chief executive in 2006 and represented Innovision on the boards of the NFC Forum and the NMI - has also resigned as an employee of the company. Wollen said: "I am very proud of what we have achieved at Innovision, a global customer base second to none, the respect of colleagues in the semiconductor and NFC/RFID industries and a reputation in the City for delivering what we said. "However, what has been most satisfying is building up and working with a world-class and well-respected team of IC and systems engineers. "I am very happy that this great team will go on to develop even better NFC innovations in the hands of a prestigious organisation like Broadcom, which is renowned for its communications technology and has shown great commitment to moving forward in NFC." Story provided by StockMarketWire.com

a d v e r t i s e m e n t