Polynovo’s CEO resigns

Shares in burns treatment specialist PolyNovo dropped sharply following the announcement managing director Paul Brennan had resigned.

PolyNovo’s chairman and significant shareholder David Williams thanked Mr Brennan for his leadership of the company over seven years but said in recent times there have been “increasing differences with the board in relation to Paul’s interaction with the company’s senior management team and his management style. Accordingly, the board has accepted Paul’s resignation.”