Induction Healthcare Group PLC (AIM:INHC) said it appointed Guy Mitchell as chief financial officer with immediate effect.

Mitchell succeeds Olly Drake, the company’s interim CFO, who is leaving to pursue other opportunities, Induction said in a statement.

The virtual care platform company said Mitchell has over 20 years’ experience in senior financial leadership roles in software/technology companies. He is a qualified accountant and chartered tax adviser and holds a mathematical sciences degree from Edinburgh Napier University. His strengths lie in international financial leadership and management, tax strategy and compliance and business partnering to deliver shareholder value, it added.

Mitchell previously served as interim CFO at AIM-listed FreeAgent PLC and at Oxehealth Ltd. He was also finance director of GFI Max Ltd through a significant growth period of GBP5mln to GBP75mln annual recurring revenue in just over three years.

Commenting on the appointment, Induction chief executive James Balmain said: “Guy is a great addition to the Induction board, and I would like to welcome him to the team. The company is going from strength to strength and Guy’s extensive experience in SaaS companies as well as knowledge of AIM and high-growth companies will prove highly beneficial to Induction as we continue to build on our successes.”

Mitchell said: “I am delighted to be joining Induction during an incredibly dynamic time for the company. The company’s recent announcement of the first major contract outside of the healthcare space indicates the diversity of Inductions products and I look forward to working with James as we continue to build on this strong sales momentum and drive growth for the company.”

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