Abcam Plc said Murray Hennessy will step down as nonexecutive chairman of the company following the annual general meeting in November.

Hennessy has accepted a CEO role in a different company. Abcam will commence a search for a permanent nonexecutive chairman.

Meanwhile, Louise Patten, senior independent director of Abcam, will serve as interim nonexecutive chairman. Mara Aspinall will be appointed interim senior independent director at the conclusion of the general meeting.