Timico Technology Group's Non-Exec Ben Marnham is to take over the CEO role as company founder and former CEO Tim Radford becomes Executive Chairman.
Marnham boasts 20 years industry experience and began his career at Alternative Networks where he worked for 18 years, most recently as Chief Operating Officer. He joined Timico as a Non-Exec in 2014, a year after setting up 28 Capital, an advisory and investment firm focused on telecoms and technology businesses.
Timico, which made its debut as the new sponsor of the Cheltenham Gold Cup in March this year, has set its sights on ambitious growth following impressive 2015 financial results which saw group turnover increase by over 25% to £52.8m with pre-tax profit up by over 150% following two strategic acquisitions in spring that year - managed IT specialist, Wirebird and the telecoms assets of Coms plc.
Radford said: "Ben has taken up the challenge of leading the business into our next phase of growth and development. Advances in technology and changes in the way employees and their businesses work and communicate continue to drive the unstoppable shift towards all things cloud. We are perfectly positioned to make further inroads in this space.
"Ben will develop a unified strategy based around the group's capability of delivering fully-managed IT, network, unified communications and mobile solutions to business customers. His track record in the industry and the strategic contribution Ben has made to the group since joining the board make him the perfect candidate."
Marnham added: "Timico is a truly independent player offering a broad range of managed IT solutions to a long-standing base of SMB and enterprise clients. This longevity testifies to the team's commitment to putting its customers first and making the right investment decisions over the years in both infrastructure and expertise."
Timico was established by Radford in 2004 alongside a small but ambitious team, some of whom he'd worked with previously at Project Telecom (a company Radford set up in 1987 and achieved revenues of £330m before being sold to Vodafone in 2003).