LONDON - Thruvision Group plc (AIM: THRU), a leader in walk-through security technology, today announced the promotion of Victoria Balchin, the current Chief Financial Officer, to the position of Chief Executive Officer, effective from January 2, 2025. The internal appointment comes after the previous CEO, Colin Evans, left the company in October 2024.
The Board of Directors conducted a thorough evaluation before confirming their unanimous decision to elevate Balchin, believing this to be in the best interest of the company and its stakeholders. Balchin’s tenure as CFO, which began on October 1, 2022, has been marked by her significant contribution to the company’s management, particularly during a transition period following Evans’ departure.
Balchin will continue to serve as CFO alongside her new role, with support from Hannah Platt, the full-time Company Secretary and a qualified accountant. Executive Chairman Tom Black will maintain an active role in the company, especially focusing on the sales function, which is currently under internal review.
"I am delighted that Victoria is stepping up to Chief Executive," said Tom Black, Executive Chairman of Thruvision. "Having worked with her for two years now and particularly closely over the past three months, I am certain that she is the right person to lead the Thruvision team as we enter a crucial phase on our journey to profitability."
Thruvision’s decision to fill the CEO position internally reflects a strategic choice to leverage existing talent and maintain continuity in leadership. The company is poised to focus on growth in the latter half of the financial year, as it works towards returning to profitability.
This leadership change at Thruvision is based on a press release statement by the company.
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