Jaywing plc (GB:JWNG) has released an update.
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Jaywing plc has announced board changes with immediate effect, including the resignation of CEO Andrew Fryatt and the appointment of Christopher Hughes as COO/CFO and David Beck as Executive Chairman. Despite challenging market conditions, the company reports flat year-over-year revenue for FY24, with significant growth in its Australian division and new client wins expected to impact FY25 positively. The strategic review considering the sale of the company has been terminated, as the Board believes current improvements and cost efficiencies do not favor a sale at this time.
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