Ian Sutcliffe, who has served as head of the FTSE 250 housebuilder since 2015, will step down on 1 January, although he will remain with the company until the end of March
Paraytec is part of an Innovate UK funded R&D project (NEXUS) that includes Malvern Panalytical, the University of Central Lancashire, GSK, Medimmune and Fujifilm Diosynth.
"Assisted by the technology change, we will transform our business by working in a faster and nimbler way," pledged Penny James, the CEO of Direct Line.
The US Food and Drug Administration has withdrawn its plan for a new tighter nicotine standard rule
Oddie's role changes from non-executive chairman to interim chief executive and executive chairman.
The software group is aiming to increase in borrowing powers to either £1.5mln or 20% of its adjusted capital and reserves, whichever is higher