Iomart Group plc (LSE:IOM) has appointed Matthew Waymark as Chief Financial Officer and a director of the company, strengthening its senior leadership team as the secure cloud services provider looks to restore growth momentum and advance its strategic priorities.
Waymark will formally take up the roles on 14 September 2026. A chartered accountant, he brings extensive financial experience from senior positions at NatWest as well as previous experience serving as CFO of a start-up bank.
Waymark said he is joining Iomart at an important stage in the group’s development, with the business focused on rebuilding growth and delivering against its strategic objectives.
Appointment follows extensive selection process
Iomart’s board, led by Executive Chair Richard Last, said Waymark was selected following a rigorous recruitment process and is expected to bring additional financial leadership and expertise to the group.
His arrival comes as Iomart seeks to sharpen strategic execution and strengthen financial discipline while pursuing opportunities within the competitive cloud services market.
The company is aiming to use its existing technical credentials, customer relationships and extensive technology partner network to support future growth and ultimately enhance shareholder value.
Financial and technical pressures weigh on outlook
Iomart’s broader outlook remains affected by weaker financial performance, including continuing operating and net losses, margin pressure and substantially higher leverage following an erosion of equity. Free cash flow remains positive, although recent trends indicate some weakening.
Technical indicators also remain under pressure, with Iomart shares trading below key moving averages and MACD in negative territory. Oversold readings provide some potential support but do not fully offset the weaker trend.
Traditional valuation measures remain difficult to apply given the company’s negative earnings and resulting negative price-to-earnings ratio, while no dividend yield data is currently available.
More about Iomart Group plc
Iomart Group plc is a U.K.-based secure cloud managed services provider listed on AIM. Its services cover cloud infrastructure, modern workplace management and managed security, with the majority of its revenue generated from customers in the domestic market.
The company holds a range of Microsoft credentials, including Azure Expert MSP status and multiple advanced specialisations. It is also a high-level partner of VMware Cloud and Commvault, supporting its capabilities across hybrid cloud infrastructure, data protection and cyber resilience.
Iomart employs more than 600 specialists and focuses on helping businesses manage increasingly complex technology environments while scaling and operating securely. Its technology partnerships and certifications underpin a broad offering across cloud, data and cybersecurity services for U.K. organisations.
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