READING, UK – MAY 29, 2024:  Oxford Quantum Circuits (OQC), the leading quantum computing business, has today announced that Dr Wisby is stepping down from her role as Chief Executive Officer.

Ilana helped spin the business out from Oxford University and over the last six years has been instrumental in raising seed, Series A and Series B capital from some of the world’s best venture capital firms to build the company to be one of the first to make quantum computing available as a service in data centres around the world.  

Ilana said, “It’s been a profound honour to lead OQC from its inception as an Oxford University spin-out, building a phenomenal team and supported by remarkable venture investors. As we progress our Series B fundraise, it is the right moment for me to step down and embark on a new journey. It’s been an honour working with such passionate and world-class colleagues and I am immensely proud of what we have achieved together. I will cheer from the sidelines as OQC advances towards a brighter, quantum-enabled future for all.”

Peter George, chair, commented “The Board would like to thank Ilana for her dedication to the company and we wish her every success in the next phase of her career.” 

Gerald Mullaly, will take up the reigns as interim CEO while the Board conducts a search for a replacement CEO. Gerald will continue to spearhead OQC’s Series B investment raise and has led OQC’s commercial growth through strategic partnerships with the world’s largest private and public sector organisations. Gerald has spent two decades delivering technology solutions for customers across life sciences, financial services, energy and defence at leading companies including Accenture and PwC. Gerald was also a Director at the UK Prime Minister’s Office and Cabinet Office, responsible for leading and scaling an innovative government-to-government business across EMEA, APAC, and the Americas. 

Peter George, chair, continued  “The board welcomes Gerald to the leadership team and looks forward to working closely with him as OQC strengthens and expands their mission and purpose. Gerald is an exceptional leader who is aligned with OQC’s mission-driven culture, making him well positioned to take on this role.

Gerald said: “I am excited and honoured to take on the role of CEO on an interim basis. OQC is pushing the frontier of what is possible with quantum, and I look forward to working closely with our team, investors and partners to accelerate the company’s technological performance and deepen our commercial engagement with customers.”