predicted Spence would resign after being stripped of financial control at the New Millennium Experience Company, despite earlier assurances that there were no plans for him to leave ‘in the foreseeable future’.
In a statement the NMEC said: ‘He will continue to work through his notice period with the company to ensure an orderly cessation of trading in December 2000.’
However, he will no longer be on the board and will report to John Darlington, the accountant brought in by James to unravel the financial chaos exposed in a report by PricewaterhouseCoopers.
Spence was appointed FD at the NMEC in October 1998.
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