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The London-listed telecoms group Gamma Communications is lining up the previous boss of IT providers supplier Softcat as its subsequent chairman.
Sky Information has learnt that Gamma is in detailed talks with Martin Hellawell about taking up from Richard Final, its long-serving chair.
The hunt for a brand new chairman comes amid persistent bid hypothesis about Gamma, which has a market capitalisation of about £1.1bn.
Metropolis sources described Mr Hellawell because the frontrunner for the put up, though they cautioned that an appointment was unlikely earlier than the corporate’s annual assembly this month.
Gamma supplies telecoms providers to small and medium-sized enterprise clients, and has constructed a robust money place, though its shares have remained largely flat over the past yr.
If confirmed, Mr Hellawell’s appointment is prone to be considered a coup by Gamma shareholders.
He not too long ago confirmed his departure as Softcat chairman, having steered the corporate by its preliminary public providing on the London Inventory Alternate.
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Softcat now has a market worth of about £2.7bn.
Mr Hellawell additionally chairs AIM-listed musicMagpie and Raspberry Pi Buying and selling, the privately held know-how firm.
A Gamma spokesman declined to remark.
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