Former Kelda FD stands in as chief at Spice

Former Kelda Group FD Martin Towers is set to take on the interim chief executive role at Spice.

Currently a non-executive director at the utility support services business, Towers has been appointed interim chief until a replacement for Simon Rigby is found.

Rigby led the company from its single contract with Yorkshire Electricity in 1996 to its full listing in 2008.

"He has informed the board that he feels the group has achieved a size and position where it is appropriate for a new style of chief executive to take over the leadership. As a consequence, Simon has made a personal decision that he now wishes to pursue his other business interests," said Spice in its statement.

"Spice has reached critical mass in its core markets and the future is more about growing these businesses organically," said Rigby.

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