Supplier of light emitting diode (LED) solutions for industrial users. Applying leading edge LED technology, it produces retro-fittable lighting fixtures designed specifically for hazardous locations, obstruction signals and traffic signalling. I have a holding in my growth portfolio (epic code: DIA).
Dialight announced today that their Group FD Mark Fryer stepped down with immediate effect. It is never a comfortable feeling when a key director leaves substantially earlier than his contractual notice (6 months in this instance). Although he has stepped down from the Board today, he will remain with the company until the end of March, leaving shareholders to wonder why the company felt it necessary to have him resign his board position immediately, or why Fryer felt it necessary.
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