Crossrider plc announced that it has accepted the resignation of Chief Executive Officer ("CEO") Koby Menachemi. Mr. Menachemi will be leaving at the end of March 2016 to pursue other opportunities. Elgie has been appointed as Executive Chairman.

Mr. Elgie having founded Creston plc and served as CEO until March 2014. Mr. Elgie is a respected industry figurehead having founded Creston plc and served as CEO until March 2014.