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15 Feb 2012
RSM TENON has recruited former PwC partner Chris Merry as chief executive, succeeding Andy Rayner who stepped down earlier this year.
Merry (pictured) joins the listed firm from private-owned corporate finance business Matrix, where he was CEO. He started his career at PwC holding roles such as managing partner in Shanghai and partner in its London office. Previously he was finance director, then CEO, of listed specialist recruiter Whitehead Mann, and FD of law firm Clifford Chance.
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Adrian Martin, chairman of RSM Tenon and acting CEO, said: "We are pleased to appoint Chris to the role. Chris has a strong track record of transforming businesses and I am confident that with his experience RSM Tenon has the leadership to restore profitability and growth."
Former CEO Andy Raynor stepped down at the end of January after the firm announced it expected to post a loss for the last six months of 2011.
In a trading update, RSM Tenon said it expects revenue will fall 10% compared to the same period a year ago.
The firm's half year result for the six months ending 31 December 2011 is due to be announced at the end of February.
Merry said: "Whilst RSM Tenon is undoubtedly going through a challenging period, there is a strong underlying business and a solid platform for the future. I look forward to working with the executive team to restructure and build the business for the long term."
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