IP Group appoints current CFO Greg Smith as CEO

– UK, London –  IP Group plc (LON: IPO), the developer of intellectual property-based businesses, today announced the appointment of current CFO Greg Smith as CEO, succeeding Alan Aubrey while David Baynes, current COO, will become Chief Financial and Operating Officer.

Sir Douglas Flint, Chairman of IP Group, said: “Greg has more than 20 years of experience in financial services, having been in the role of CFO for more than ten years and with IP Group for more than thirteen years. He has played a central role in developing and executing the Group’s growth strategy which made him the obvious and unanimous choice to succeed Alan.”

Greg Smith said: “It is an exciting time to be taking on the role of CEO at IP Group. The Group benefits from a very strong financial position, a portfolio of growing technology companies, and an excellent pipeline. I am looking forward to building on recent successes and I am confident that IP Group will continue to deliver world-changing businesses that have real impact as well as deliver value for all stakeholders.”

About IP Group

IP Group is a leading intellectual property commercialization company which focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiaries IP Capital and Parkwalk Advisors), networks, recruitment, and business support. IP Group has a strong track record of success and its portfolio comprises holdings in early-stage to mature businesses across life sciences and technology. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.

Group holdings in portfolio companies reflect the undiluted beneficial equity interest excluding debt, unless otherwise explicitly stated.

For more information: https://www.ipgroupplc.com/

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.