One of Scotland's longest-serving chief executives to step down after 22 years in post

Angus MacSween, one of Scotland’s longest serving chief executives, is to leave the top post at Iomart, the Glasgow-based cloud computing and web hosting company.

Iomart Group, the cloud computing company, announced that following over 20 years as chief executive of Iomart Group, Angus MacSween has confirmed his intention to retire as CEO with effect from 1 October.

The firm said MacSween, who has been at the helm for more than two decades, would retire from the position at the start of next month.

Reece Donovan, who joined the group as chief operating officer in March, as part of the board’s succession planning, will assume the role of chief executive from 1 October.

MacSween will remain as a non-executive director for up to 12 months to “oversee a smooth transition and handover” to Reece.

MacSween said: “The appetite for cloud computing has grown considerably since we purchased our first data centres in 2007, and yet the market is still only in its infancy.

“Over the years, the business has navigated all kinds of challenges and events and has been able to prosper throughout.

“This has been due, in no small part, to the hard work of the whole iomart team since inception. I would like to thank everyone that has played a part in enabling Iomart to be the great business it is today and I look forward, in my new role, to helping Reece continue drive the company forward.”

Chairman Ian Steele added: “I’d like to thank Angus for the truly outstanding contribution he has made to the success of iomart during his 22-year tenure. Having founded the business in 1998, Iomart has grown into one of the UK’s largest providers of managed cloud computing services.”

A message from the Editor:

Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.

The dramatic events of 2020 are having a major impact on many of our advertisers - and consequently the revenue we receive. We are now more reliant than ever on you taking out a digital subscription to support our journalism.

Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. Visit https://www.scotsman.com/subscriptions now to sign up.

By supporting us, we are able to support you in providing trusted, fact-checked content for this website.

Joy Yates

Editorial Director