BusinessCompany NewsFDs on the move at Abbey, Pearson

FDs on the move at Abbey, Pearson

In a flurry of activity, several companies have today announced changes in finance directors.

First, Abbey National has named Stephen Hester as its new group finance director, taking over from Mark Pain, who now runs Abbey’s wholesale banking division.

Hester had previously worked for Credit Suisse First Boston, but left at the end of last year, following a management re-shuffle.

At the same time, Rona Fairhead is to step up at Pearson to become the publishing group’s FD.

She replaces John Mackinson, who is moving across the group to become Penguin’s chief executive.

Fairhead’s promotion will make Pearson the first FTSE 100 company to have women in its top two roles – Dame Marjorie Scardino is the group’s chief executive.

Finally, stockbroker Teather & Greenwood is losing its FD Brian Rowbotham, who is the latest victim of a cost-cutting exercise that has seen 50 staff axed in the past few months.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor