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LONDON - Altitude Group plc (AIM:ALT) announced Tuesday that Chief Executive Officer Nichole Stella has stepped down from her role and the Board with immediate effect to pursue other opportunities.
The provider of branded merchandise solutions said Alexander Brennan, previously Non-Executive Chair, has transitioned to the role of Executive Chair following Stella’s departure. Chief Operating Officer Deborah Wilkinson will take on expanded responsibilities as part of the leadership restructuring.
The company stated that incoming CFO Drew Whibley, scheduled to join in September, will support the executive team. Altitude has also initiated a search for a new independent non-executive director to maintain corporate governance standards.
In a trading update, Altitude confirmed it continues to perform in line with market expectations for fiscal year 2026, reporting positive performance across all three divisions. The company’s ACS division has experienced 43% growth in orders compared to the same period last year, while its collegiate Gear Shop solution is set to increase its number of live locations to 45 by the end of August.
The company’s Services division remains steady, according to the statement. The Board expressed confidence about the Group’s future outlook.
Stella had been with the company since 2017. The information was disclosed in a regulatory announcement that contained inside information as defined by the Market Abuse Regulation.
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