Insig AI Chairman Matthew Farnum-Schneider resigns

By Ian Walker

Insig AI PLC said on Friday that executive chairman Matthew Farnum-Schneider had resigned in order to focus on other opportunities and would be leaving the company after a short transfer period.

The machine-learning company, which changed its name from Catena Group PLC in May following its reverse takeover of Insight Capital Partners Ltd., said the board has launched the search for a new chairman non-executive independent.

In the meantime, Richard Bernstein, a longtime supporter and shareholder of the company, will become interim non-executive chairman, Insig said.

Mr. Bernstein owns 12.4 million shares of the company, or 12.6% of its issued share capital.

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