Alexis Dormandy is to step down as chief executive of Oxford Science Enterprises just two years after joining amid rumours of tensions at the academic spinout investor, Sky News learns.
US interest rates set by Federal Reserve rise to their highest since 2007 but the pace of the increase slowsMr Dormandy was a prominent recruit to run OSE in 2020, having started his career at Sir Richard Branson's Virgin Group, where he helped to launch Virgin Mobile and Virgin Active.He subsequently joined Orange, the mobile phone network, and then helped to run Candover, a European private equity firm.
OSE has a roster of blue-chip group of investors regarded as rivalling any comparable vehicle in the world. Co-founded by Alex Snow, the well-known City executive who now runs Sensyne, OSE is understood to be targeting the recruitment of a successor by the spring.
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