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01 Nov 2012
SHOWER SUPPLIER Norcros has appointed former FTSE 100 finance director Martin Towers as chairman with immediate effect.
After more than five years as chairman, John Brown will step down but will remain on the board as senior independent director and chairman of the audit committee.
Towers, who was appointed to the board in July 2011, is also a non-executive director of RPC Group, KCOM Group and Lupus Capital.
He was formerly CEO of Spice, the utility support services group, and prior to that group finance director of Kelda Group, the FTSE 100 water company that incorporated Yorkshire Water.
Other stints as group FD include Spring Ram Corporation, the manufacturer and distributor of home improvement products, and McCarthy and Stone, the retirement home developer.
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Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
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