Iomart Group, the Glasgow-based cloud computing and managed services provider listed on London’s AIM market, has appointed Matthew Waymark as Chief Financial Officer and a director of the board. The company announced the appointment on 14 August 2026, with Waymark due to take up the role on 14 September 2026. His arrival fills one of two senior vacancies at the business, which is also searching for a permanent chief executive.
Waymark joins from Alba Bank, the Scottish financial services start-up, where he served as Chief Financial Officer. Before that he spent several years at NatWest, where his roles included Finance Director of the Commercial and Institutional division, Director of Investor Relations, Head of Group Financial Planning and Director of Finance. A chartered accountant who trained at Deloitte, he brings a background that spans regulated banking, capital markets and financial planning.
He succeeds Scott Cunningham, who left the company at the end of June. The finance function has been covered through the search, and the board framed the appointment as the next step in an orderly transition rather than a change of direction.
Richard Last, executive chair of Iomart, said Waymark had been “selected following a thorough and rigorous process,” adding that the board was confident his experience and financial leadership would be “a significant asset as we continue to execute our strategy and deliver value for shareholders.” Waymark said he looked forward to “rebuilding growth momentum and the delivery of its strategic priorities,” describing Iomart as “a business with real ambition.”
The appointment lands at a demanding moment for the company. In its most recent annual results Iomart reported an adjusted loss before tax of around 4 million pounds, against a profit of 6.5 million pounds a year earlier, a swing the board has linked to customer churn across its cloud services base. Installing a finance chief with a banking and investor-relations background signals an intent to rebuild discipline over cash generation and to steady the company’s relationship with the market while the search for a permanent chief executive continues.
Waymark’s move from a regulated bank finance function to an AIM-quoted technology company reflects a wider pattern, as smaller listed businesses look for finance leaders who can combine capital-markets fluency with operational cost control. For Iomart the immediate task is less about financing growth than about restoring investor confidence. With two of its most senior seats in flux, the clarity Waymark brings to reporting and forecasting will shape how patiently shareholders judge the turnaround, and his tenure will be measured against whether the churn that eroded last year’s profit can be arrested and margins returned to a sustainable footing.
