LONDON – IntelliAM AI Plc (AQSE: INT ), a software company specializing in artificial intelligence (AI) and machine learning applications for the manufacturing sector, today revealed that David Richards MBE, its co-founder and non-executive chairman, will step down from his role on 3 July 2025. The announcement follows the company’s structured post-initial public offering (IPO) succession plan.
Richards, who played a key role in IntelliAM’s journey to becoming a publicly traded company, will continue to serve as chairman for the next six months, ensuring a smooth leadership transition. His departure is in line with a pre-determined strategy put in place after IntelliAM’s successful IPO, which saw a 12-month term for Richards as chairman.
The company has begun the formal process of searching for a successor and is confident that this will facilitate a seamless transition. During this period, Richards will remain involved to support the new leadership and maintain continuity.
In a statement, Richards expressed his pride in IntelliAM’s achievements and reaffirmed his commitment to the company’s vision and leadership team. He also indicated his intention to focus on his role at Yorkshire AI Labs, which holds a 20% stake in IntelliAM AI.
The Board thanked Richards for his significant contribution, particularly during the IPO phase, and will provide an update on the appointment of a new Chairman in due course. This planned change in leadership is based on a press release from IntelliAM AI.
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