What will happen to Martin Stewart, chief financial officer, at music group EMI. The group, which represents acts like the Rolling Stones, Joss Stone and Lily Allen, looks on the brink of being bought by private equity vehicle Terra Firma, with Warner Music lurking in the background threatening to launch a spoiler bid.
But what of Stewart? Reports say current EMI boss Eric Nicoli is unlikely to stay post takeover, but will the rest of his executive team, including Stewart, weather the storm?
He’s an experienced man, having worked at BSkyB as CFO and at Polygram, but has he been around long enough to have been tainted by the Nicoli era?
Well he started in February 2005, in many respects he’s something of a new boy, so he might be in the clear. He might well be attached to his £525,000 salary as well. But the sale is still unravelling, so worth watching to see what happens and whether Stewart will be handling the finances for the next crop of new bands.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud by the Serious Fraud Office in relation to a £263m accounting scandal at the retailer.