Brinkley FD and CEO step down

The finance director and chief exec have both stepped down at Brinkley Mining with the company yet to announce any successors. The company stated earlier this year it was required to make an acquisition which could constitute a reverse take-over and if it failed to create an investment strategy by December, the company’s ordinary shares would be suspended from trading on AIM. It also reported, if the strategy was not implemented by June 2010, the company would hold a shareholders’ meeting to consider whether or not to seek other investment opportunities or to wind up the company and distribute any surplus cash back to shareholders.

Mark Fresson, the FD, joined Brinkley in August 2008. Prior to that he was head of tax at derivatives brokers Bache Commodities, where he spent over five years. He trained with Touche Ross and also worked as head of tax and accounting at Nomura International for over four years.

Other industry moves include Marcus Leek, who takes on the FD role at voucher and coupon company Valassis. Leek has specialised in industry rather than practice and held senior finance roles at Sainsbury’s, Caudwell, Torex Retail and Jenks Holdings. He replaces Tony Oliver who has left the company to take up a FD role at recruiters Pulse Staffing.

Another accountant who has walked down the industry path is Mike Fryer who takes up a financial controller role at primary care premises developer MedicX. He joins from Feather and Black, the furniture company, where he was FC and was group financial controller at computer parts manufacturer SSD Drives Group.