A new chief executive has been named for a company co-founded in Manchester by Dragons' Den star Steven Bartlett.
Dr Georg Kofler is to take over the role on January 1 at Social Chain from Wanja S. Oberhof who will move to lead its US operations as well as the group's M&A activities.
The news comes as the group is cutting its costs by 30% through "synergies, significant savings in HR and structural costs and more efficient organisational structures throughout the group".
