Photo-me FD exits after one month

has now turned to company secretary Robert Lowes to fill the

Poulton stepped down after pressure from the ousted CEO of the company
triggered the resignation of Photo-Me’s chairman and two non-executive

The company said last week: ‘Photo-Me announces that Simon Poulton, who last
month was appointed as interim group FD (although not on the board) during the
medical leave of absence granted to Jean-Luc Peurois, has resigned from that

The interim FD’s resignation is the latest in a series of setbacks for the
digital imaging giant’s finance function, but it is unclear whether he also came
under pressure to leave. ‘We’re not expanding on that and nor is [Poulton],’
said a Photo-Me spokesperson.

Poulton was specifically recruited for the role because of his six years’
experience in stopgap roles after two full-time FD jobs at fully-listed

Photo-Me operates around 22,000 photo booths worldwide, but the finance
function has been plagued by problems. Last year, group FD Jean Luc-Peurois was
forced to give up his role because of illness. Before he announced his
departure, Poulton also had to deal with the fallout from a profit warning as
Photo-Me conceded it would have to scale back its revenue forecasts.

His replacement Lowes has joined the Photo-Me board as an interim director
and ‘interim finance officer,’ the company said.

In a bid to restore investor confidence, Lowes will now be reporting to
Peurois who remains on sick leave, Photo-Me added.

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