SysGroup plc announced the following changes to its Board of Directors. After nine successful years, Adam Binks has notified the Board of his intention to step down from his role to the Board. Adam will step down from the Board immediately following the announcement of the Group's full year results for the year ended 31 March 2023 on 26 June 2023.

Adam has played a pivotal role in leading SysGroup's transformation to an technology solutions provider successfully executing 5 acquisitions and growing the Group's revenue from £8 million to over £20 million during his tenure. Adam has agreed to remain as a consultant to the Company for a period of six months to ensure the orderly and smooth transition of his responsibilities. Heejae Chae will join the Board as Executive Chairman following announcement of the Company's FY23 Results and will take day-to-day responsibility for the running of the Company.

Heejae's appointment is subject to regulatory approval and a further announcement will be made in due course. Heejae was previously Group Chief Executive Officer of Scapa Group plc and Volex Group plc. He is currently the Chairman of the Remuneration Committee at IP Group plc.

On Heejae's appointment to the Board, Michael Edelson will step down to become a Non-Executive Director. Michael Edelson has notified the Board that he will subsequently retire from the Board following the Company's next AGM, due to be held in September 2023.