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IndigoVision founder Oliver Vellacott steps down, replaced by CFO

Marcus Kneen has been appointed Chief Executive Officer of IndigoVision, succeeding former CEO and founder Oliver Vellacott.


December 12, 2011
By Staff

Vellacott founded IndigoVision in 1994 and led the company’s early development. According to IndigioVision, the company’s board was keen for Vellacott to continue with the business as deputy chairman, but the position was declined.

Kneen joined IndigoVision in 2003 as Chief Financial Officer. IndigoVision’s four regional sales directors, covering APAC, EMEA, Latin America and North America will report to Kneen who will also chair the Executive Committee, consisting of the heads of Engineering, Product Management, Operations and Finance.

The Board has appointed Holly McComb, currently Financial Controller, to succeed Kneen as Chief Financial Officer. McComb joined the business in 2006. She holds a First Class Engineering degree from Edinburgh University and is a member of the Institute of Chartered Accountants of England and Wales. “In Holly, we have a very capable Chief Financial Officer who has been second-in-command to Marcus for five years,” said Hamish Grossart, chairman of the Board.

Grossart added: “Oliver leaves the business with a strong and experienced senior management team, many of whom have been with the business for a considerable time and who are committed to build on the solid foundation Oliver created. The Board wishes to thank Oliver for his excellent contribution and leadership over the last 17 years and wishes him every success for the future.

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“Marcus has taken an increasing role in the business in recent years. He has been closely involved in IndigoVision’s international expansion and has overseen the recent improvement in trading.  He is therefore ideally suited to the task of taking the Group forward in the next stage of its development.”

Kneen said: “Oliver has been a great mentor over the years and remains the Group’s largest shareholder.