CFO of recruitment company SThree resigns

Michael Nelson takes his leave from FTSE 250 company, sparking an extensive search for his replacement

Written by David Jetuah

Accountancy Age, 20 Dec 2007

SThree's finance boss has stepped down, the company announced today.

Michael Nelson resigned from his position at the FTSE 250 company this morning to 'move on to a new challenge', a statement from the international specialist recruitment business said.

'Michael joined the board prior to the IPO in 2005, and has played an important role in helping steer SThree to a successful debut on the public markets and establishing the necessary infrastructure to support the group's continued rapid growth,' said SThree chairman Sir Anthony Cleaver.

Nelson qualified with Arthur Andersen in 1978, and has held previous posts as CFO of EMI Europe and the Bally Group.

'Having completed this task, he now wishes to move on to a new challenge. He leaves with our thanks and best wishes for the future.'

SThree said that an interim finance would be appointed while the search for a permanent replacement continues.