Big Technologies Suspends CEO Amid Ongoing Litigation
Why we think this is neutral
The RNS announcement indicates that the CEO of Big Technologies has been suspended pending further investigations, while the company continues to defend a legal claim. As this is a general update and does not contain any specific financial or operational news, the sentiment is assessed as neutral.
Key Points
- CEO Sara Murray suspended pending further investigations
- CFO Daren Morris appointed as interim CEO
- Company continues to defend legal claim filed by former Buddi Limited shareholders
- Group trading in line with market expectations for 2025
Summary
Big Technologies PLC has announced the suspension of CEO Sara Murray with immediate effect, citing concerns over her conduct in relation to ongoing litigation. The company continues to defend a claim filed by former shareholders of its subsidiary Buddi Limited. During the suspension, CFO Daren Morris will assume the role of interim CEO to ensure business continuity. The group reported a positive start to the financial year and expects to meet current market expectations for 2025 revenue and adjusted EBITDA.