City entrepreneur Bob Morton will relinquish his position as director of Lynx Holdings from 30 April having ensured the successful integration of subsidiary Vistec.
Morton was chairman of Vistec until he agreed to sell it to Lynx Holdings in November 1995. He had sold his shareholding by the beginning of January last year.
Morton stayed on as a non-executive director to ensure Vistec and sister company Sphinx Level V were smoothly merged into the Lynx operation.
That integration process took six months longer and was more expensive than had been anticipated, but was complete by 30 September, Lynx finance director Paul Sinnett said.
Lynx chief executive officer Richard Last said Morton had not been an executive director of the firm. ?He has a number of other business interests in which he has an executive involvement and decided it was appropriate for him to spend more time on those.?
The Lynx board is now looking for a non-executive direc-tor to replace Morton as soon as possible.
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