Hornby FD signals end of finance career with chief role
Andrew Morris to leave in the summer for chief executive role at pharma business
Andrew Morris to leave in the summer for chief executive role at pharma business
HORNBY’S FINANCE DIRECTOR Andrew Morris is to leave the kit-maker in the summer of 2013.
He will take up a chief executive role at privately owned pharmaceutical business Medreich, where he has served as a non-executive director since 1998.
Hornby has begun the search for his successor.
“Whilst we are sorry to be losing Andrew, we can understand his decision to take the next step in his career to become a CEO,” said Frank Martin, Hornby chief executive. “May I take the opportunity on behalf of the board and my colleagues to thank him for his hard work and for the valuable contribution that he has made to the group. He has our best wishes for the future and I am confident that we will appoint a suitable, high-calibre individual as his replacement.”
Earlier this month, Hornby announced the appointment of chairman designate Roger Canham, succeeding Neil Johnson.
In September Hornby warned that it would not hit its forecasts for the current financial year, with it expecting to make break-even for the year ending 31 March 2013.
Sales of its London 2012 merchandise disappointed. Supplies from China will also be disrupted throughout the rest of the financial year due to changes to manufacturing facilities.
Its shares were trading 1.13p higher in this morning’s trading, at 60.25p
For more companies and markets data, visit the Share Price Centre
More about:
The numbers you crunch tell a story. Your expertis...
11yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleAccountancy Age is launching its its inaugural Women in Finance ranking – and calling on you to vote! Read More...
View articleAccording to Robert Half’s annual FTSE 100 CEO Tracker, one in four FTSE 100 bosses hold accounting qualifications Read More...
View articleHerbert-Jones informed the board and CEO Michel Landel several years ago that she would "pursue other projects as from 2016" Read More...
View articleColin wonders whether Disney's first female CFO Christine McCarthy will find the job any different to other finance posts Read More...
View articleFRC bans former Aero Inventory finance director Hugh Bevan from practicing for three years and slaps him with a £170,000 fine Read More...
View articleAccountants and lawyers are obsessed with hiring grads from 'posh' schools; and inspirational lessons learned from the CFO Agenda 2015, are discussed ...
View articleStephen Harvey's departure marks a triple whammy for the Exeter-based business, which has now lost its third finance chief in two years Read More...
View articleHugh Bevan, John Clennett and Deloitte to face Aero tribunal Read More...
View article