The restructuring of Cable & Wireless into two divisions will result in
the departure of Charles Herlinger, the company’s finance director, in May.
Tony Rice, a non-executive director, will take on the new role of group
managing director and central and finance director.
C&W has been struggling lately after it issued a profit warning in late
January and said its 2006 earnings would be affected by several non-recurring
items, which had also affected results from previous years.
‘The task facing the executive directors over the past three years has been
neither straightforward nor easy and I would like to thank Charles Herlinger for
the tireless efforts he has made during his time as CFO,’ said Richard
Lapthorne, chairman of the group.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements