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Bonner Steps Down from Pinacle

After 15 years at the top of Pinacle Technology Group CEO Alan Bonner is stepping down. After having served some major events such as the Queen's Diamond Jubilee and the Olympics the company recently has reported sharp fall in revenues.

In its trading update for the year, the Stirlingshire-based group reported that revenue fell from £12.7m in 2012 to £10.1m.

Bonner said he had decided that "the time is now right to seek my successor".

He added: "I am hopeful that we can soon appoint a new chief executive who will help us achieve our objectives and I look forward to ensuring a smooth transition in the best interests of our customers, staff and all other stakeholders."