Mr Donovan, who joined the board in March 2020 as chief operating officer before assuming the role of CEO in September 2020, has been succeeded by Lucy Dimes, the company’s executive chair.

The board issued a brief statement, offering no insights into the circumstances surrounding the abrupt change at the helm.

Thanking Mr Donovan, the board’s statement read:  “The board would like to thank Reece for all his work in transitioning the business through the COVID-19 pandemic and energy crisis while helping to reposition iomart’s managed service offering within the broader hybrid cloud marketplace.”

Reece Donovan

A search for a new chair to replace Ms Dimes, who has now assumed full-time CEO responsibilities, will begin in due course. Iomart is set to release its six-month trading update for the period ending 30 September next month, as planned.