Transense CEO and Chairman Step Down
Jim Perry and Peter Woods, Transense Technologies’ chief executive and chairman, are reportedly due to step down following shareholder approval for the TPMS development company’s latest round of fundraising. The news follows Transense’s failed reverse takeover of steering system producer Bishop Technology, which was blocked by private shareholders. Mr Perry told Investors Chronicle: “Under the deal we were doing with Bishop, I would become deputy chairman. I still intend to do that.” The management changes are expected to take place imminently.