Dotdigital finance chief stepping down after four years

Marketing automation and customer engagement software company Dotdigital announced on Friday that, after four years as chief financial officer, Paraag Amin would step down as an executive director from 31 March.

The AIM-traded firm said Amin would work with chief executive officer Milan Patel and the board on its interim results to 31 December, due to be released on 3 March.

It said it had appointed Spencer Stuart to conduct a formal search process, with a further announcement to be made as appropriate.

“The board and I would like to thank Paraag for his valued contribution to the group and his commitment in what has been an important period of growth for the group,” said CEO Milan Patel.

“We wish him every success in his future interests.”

George Kasparian, currently the company’s finance director, would assume the responsibilities of Amin until a new CFO appointment was made.

Kasparian is not a director, but is a person discharging managerial responsibilities, the board confirmed.

“I have had a great four years at Dotdigital, but feel the time is now right to pursue new opportunities,” said outgoing CFO Paraag Amin.

“I wish Milan and the Board the very best for the future and thank them for the opportunity they gave me.”

At 1228 GMT, shares in Dotdigital Group were up 1.57% at 142.2p.