Top 20 accountancy firm
is restructuring its board, with the finance director and non-executive chairman
Group FD Trevor Applin will now take on the chief operating officer role and
is succeeded by Stephen Smith.
He becomes interim finance director until a permanent replacement is
Smith has held senior finance positions in a number of companies. Since 1995
he has operated as an independent consultant, non-exec and interim manager in
restructuring, CEO, COO or FD roles. He is currently non-exec for Allergy
Therapeutics and was group treasurer for The Rank Organisation for six years.
Paul Gourmand, the non-executive chairman, will retire later this month and
is replaced by former global managing partner of advisory services at KPMG Mike
The former KPMG boss has previously worked as non-executive chairman of Close
Brothers Corporate Finance and is currently chairman of the audit committee of
CEO Paul Jackson retains his role in the new structure.
Executive director Paul Ashton, in charge of the firm’s M&A strategy,
steps down from the PLC board to the management board, and continues as company
Bob Thornton steps down from the PLC board to the management board. He is
responsible for the group’s core practice activities.
In its statement to the stock exchange, the firm stated that the
restructuring was “appropriate to streamline the group’s management” and take it
“through its next stage of development”.
The restructuring changes are to take effect on 17 December at the firm’s
annual general meeting.
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy