Tamper detection technology company Mikoh (ASX:MIK) has announced the resignation of its longserving non-executive director, Doug Halley.
Halley has been a non-executive director of Mikoh for over 20 years, spending much of that time as a non-executive chairman. He has also been one of the company's largest shareholders.
Halley said that while he was confident of the future of Mikoh's Smart&Secure technologies, the sheer length of his term in office was reason enough for departure.
“Apart from good governance issues, it is time for some fresh ideas at the board table,” he said. “At my request the board has initiated a search for [my replacement] and expect to make an appointment by the end of September.”
Halley currently has an indirect holding in Mikoh of around 16 million shares, as well as 1 million options expiring in 2012.