BusinessCorporate FinanceParting shot of financial heavyweight Symonds

Parting shot of financial heavyweight Symonds

Chairman of the Hundred Group of Finance Directors, Jon Symonds, to step down - most likely at 28 November annual general meeting

Jon Symonds, chairman of the Hundred Group of Finance Directors, is to step
down from the position after two years in charge.

He is expected to be replaced by deputy chairman Philip Broadley, group
finance director of Prudential, on 28 November at the group’s annual general
meeting.

Symonds, CFO of pharmaceutical giant AstraZeneca, told Accountancy
Age
that he would step down at the Hundred Group’s AGM on 28 November.
Broadley is expected to take over immediately.

Symonds added that he would ‘greatly miss’ his role as the most powerful FD
in the UK but that he was leaving the position in ‘good health’.

Symonds has proved a popular chairman of the Hundred Group, and the creation
and opening last week of the Oxford University business tax research centre may
prove to be his lasting legacy.

Symonds has also been credited for his work on international financial
reporting standards. In October 2004, two months before the implementation of
the new rules, AstraZeneca restated its accounts for 2003 and the first half of
2004 under IFRS.

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