Boardroom changes at Oxfordshire security firm Westminster Group

Westminster Group has announced several changes to its board as it looks to streamline its operation.

The AIM listed company announced that Mawuli Ababio will be stepping down from his role as Non-Executive Director at the conclusion of the Company's AGM on June 28 and will continue to act as an advisor to the company in international affairs.

Company's Chairman, the Rt Hon. Sir Tony Baldry, will move from the position of Executive Chairman to Non-Executive Chairman.

READ MORE: Oxfordshire's Westminster Group revenues grow as security firm reaches break even point

The company saw revenues rise by 35 per cent when year on year compared to 2021 after securing a number of high profile contracts around the globe.

The Banbury firm saw a 99 per cent decrease in loss after tax to an effective break-even position £0.0 compared to 2021 where it suffered a loss of £1.9m.

Westminster's Chairman, Rt Hon Sir Tony Baldry, said:"I would like to express my and the Board's appreciation for Mawuli's dedication and hard work over the past few years. He has made a positive contribution to the Group and is a valued board member. I am delighted therefore that he will remain with us as part of our Advisory Board.

"Equally I am happy to assume the role of Non-Executive Chairman as part of our cost optimisation programme, and in line with best corporate governance practices, and look forward to continuing to assist Westminster in delivering on its exciting growth potential."

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