Next 15 Group's COO Jonathan Peachey Steps Down After Key Acquisitions and Simplification
Next 15 Group plc has announced that Jonathan Peachey, its Chief Operating Officer (COO), will step down from his role and the company's board at the end of October. Peachey, who joined the company in 2018 and became COO in 2019, has led several key acquisitions and supported simplification processes during his tenure.
Peachey's departure comes after Tim Dyson, the long-serving boss of Next 15 Group plc, retired in June after 33 years in charge. The company's share price currently stands at 300p, with a market capitalization of £289.65m. During his time at Next 15, Peachey oversaw the acquisitions of SMG and Engine. He also played a significant role in simplifying the group's structure.
Following Peachey's departure, William M. Copeland will take over the role of COO. Peachey will remain with the business until January 2026 as a senior advisor to ensure a smooth handover of responsibilities. Notably, Next 15 Group plc shut down its Silicon Valley venturing arm, Mach49, due to 'serious potential misconduct' within the subsidiary, which occurred before Peachey's tenure.
Jonathan Peachey's leadership has been instrumental in shaping Next 15 Group plc's growth and simplification. His departure marks a significant change in the company's top management, with William M. Copeland stepping in as the new COO. Despite the recent challenges, Next 15 Group plc continues to operate with a strong share price and market capitalization.
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