The party has restarted for the former chief executive of Aim-listed software company WANdisco, David Richards, who was reinstated at the helm of the company he helped form this morning.
In response, chairman Paul Walker and a non-executive director, Ian Duncan, have left the data storage and cloud computing group with immediate effect.
"As independent non-executive directors, we had not considered David the right person to lead the company going forwards," Walker and Duncan said in a joint statement this morning.
Richards left WANdisco on 29 September saying at the time his leave had come at an "appropriate juncture" for the business.
Richards said in a statement today:
I am delighted to be returning to WANdisco with the express backing of approximately 58 per cent of our institutional shareholder base. I have never lost sight of the tremendous opportunities that exist across our business: we have developed a truly world class product portfolio which continues to underpin our strong new business pipeline.
I look forward to updating the market of our continued strategic progress over the coming months in addition to confirming a number of new board appointments.