Martin Hellawell is the frontrunner to replace the London-listed telecoms services provider’s long-serving chairman, Richard Last, Sky News learns.
The London-listed telecoms group Gamma Communications is lining up the former boss of IT services provider Softcat as its next chairman.
Sky News has learnt that Gamma is in detailed talks with Martin Hellawell about taking over from Richard Last, its long-serving chair. The hunt for a new chairman comes amid persistent bid speculation about Gamma, which has a market capitalisation of about £1.1bn. City sources described Mr Hellawell as the frontrunner for the post, although they cautioned that an appointment was unlikely before the company's annual meeting this month.
Gamma provides telecoms services to small and medium-sized business customers, and has built a strong cash position, although its shares have remained largely flat over the last year.He recently confirmed his departure as Softcat chairman, having steered the company through its initial public offering on the London Stock Exchange.
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