PracticeConsultingAldridge resigns from Capita

Aldridge resigns from Capita

Publicity over Labour Party donation sees Aldridge go

Rod Aldridge has resigned as chairman of outsourcing giant Capita following
publicity surrounding his decision to loan money to the Labour party.

He has led Capita since it was founded in 1984.

‘There have been suggestions that this loan has resulted in the group being
awarded government contracts. This is entirely spurious,’ Aldridge said in a
statement.

He added: ‘Whilst anyone who is associated with the public procurement
process would understand that this view has no credibility I do not want this
misconception to continue.’

Aldridge was just one of a dozen millionaires named as having funded Labour’s
successful general election campaign.

A CIPFA-qualified accountant, he was heavily involved with the institute’s
computer services arm, which split off in 1984. He led an MBO of Capita in 1987.

Aldridge will remain onboard as a non-executive chairman until the group’s
interim results at the end of July, to allow for a smooth transition for a
successor.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer