Glasgow-based secure cloud services firm Iomart Group plc announced on Friday that Lucy Dimes will be stepping down as chief executive officer and leaving the company. 

Iomart chair Richard Last will become executive chair with immediate effect while the board makes arrangements to appoint a new CEO. 

On May 2, Iomart said it would unite its cloud services activities under a single brand — Atech.

Iomart shares have fallen about 80% to around 28p over the past 12 months, reducing the company’s stock market value to £32 million.

Executive chair Last will be supported by CFO Scott Cunningham, founder Angus MacSween, Atech CEO Ryan Langley, and members of the executive leadership team.

“Lucy joined the Board as Independent Non-Executive Chair in August 2022 and became Chief Executive Officer in September 2023,” said Iomart.

“The board would like to thank Lucy for all her work in helping to reposition iomart’s business to more fully address the opportunities in the Public and Private Cloud and Security markets …

“The company will announce full year results for the year ended 31 March 2025 in late June 2025 and confirms there has been no material change to trading since the pre-close trading update announced on 23 April 2025.”

Last October, Iomart announced the acquisition of Kookaburra Topco Limited, the holding company of Atech Support Limited, for a total of £57 million.

On April 23, Iomart said it expects to report revenue growth of 13% to £143 million for the year ended March 31, 2025.