New CEO for Spark Ventures

Ed Hyde is currently the CEO of big data and analytics company Qrious.

A new chief executive has been appointed for Spark Ventures.

Spark announced today Ed Hyde, current CEO of Qrious, would be the new head of Spark Ventures and join the Spark Leadership Team.

In April Spark announced current Spark Ventures CEO Rod Snodgrass would be leaving the company later in the year.

Spark Managing Director Simon Moutter said he was pleased to have Hyde join the Spark Leadership Team.

"Spark Ventures has played an important innovation role in our transformation to date and, as we shift to "Ventures 2.0", it will continue to be influential in setting the company's forward-looking agenda.

"I'm confident Ed will take Ventures to the next level of its evolution."

An announcement on the leadership of Qrious would be made soon, Moutter said.

Hyde will take up his appointment effective 1 October.