Aidan Towey, managing director of Innovative Technology, the major producer of cash-handling equipment, is leaving the company, to be replaced as group managing director by Peter Dunlop (pictured), who has been with the Innovative since 1996.
Towey, with the company for 22 years, has decided to pursue other interests, the company said in a statement, but will remain with the company to facilitate a smooth transition.
Peter Dunlop has been responsible for product development since 2005, during which time the company has won many awards. Company chairman and founder, David Bellis and Peter Dunlop both paid tribute to Aidan Towey for his "dedication, passion, enthusiasm and motivation."
Towey said that he felt it was "time to move on". He added: “The decision to leave the business after such a long and successful period did not come easily and I am proud of all that Innovative Technology staff and board have accomplished during the past 22 years.
"I hold in the highest regard the relationships I have built in my time here.”
Image: New IT group managing director Peter Dunlop