David Memory has been hired as Netstore's new CFO.

The company said: 'Netstore plc a leading provider of IT security and IT outsourcing to the mid-market announces the appointment of David Memory as CFO with effect from 17 September 2007.'

The AIM-quoted corporate said that Memory will assume financial control as of today.

Memory,a chartered accountant, was previously Group FD of Tie Rack for 12 years, steering the company through a public to private transaction and the subsequent sale earlier this year.

The incoming FD, who was also at PricewaterhouseCoopers for 15 years replaces Ian Daly who resigned last month.

Netstore CEO Graham Kingsmill said: 'I am delighted that David is joining our team, his strong financial management background and experience working with the City will be a great asset to Netstore. David will be focused on supporting the planned improvements in our operating process and investment program that is needed to support increased demand from both new and existing customers.'

Further reading:

Outsourcing: source of comfort