Softcat extends tenure of chairman Graeme Watt

(Sharecast News) - IT infrastructure technology and services provider Softcat said on Monday that it has extended Graeme Watt's tenure as non-executive chairman in the best interests of its shareholders. Watt served as chief executive from April 2018 until his retirement from the role in July 2023. He was appointed non-executive chairman in August 2023.

Following a "thorough" consultation process with shareholders, the company has extended Watt's tenure to April 2030, three years beyond the nine years recommended by the UK Corporate Governance Code.

Softcat said the decision was based on the "unanimous view that the extension is in the best interests of all shareholders given Graeme's extensive experience of the sector, as well as the independent challenge he continues to provide in chairing the board's oversight of the company's governance, strategy and execution".

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