CRC suspends CEO pending investigation

CRC suspends CEO pending investigation

Inquiry opens into disposal of stock at mobile phone repairer

The man who held the position of chief executive and finance director at
mobile phone repairer CRC has been suspended pending an investigation into the
disposal of some of the company’s stock.

The suspension of Christopher Matthews was made public as CRC yesterday
issued a profits warning and said it was looking into the ‘wrongful disposal of
stock held on behalf of customers’.

Patrick Thompson, chairman of the company’s audit committee takes over as CFO
while David Ryan, non-executive chairman, becomes executive chairman. Jan
Astrand, an independent director, takes on the acting chief executive’s post.

CRC said that publication of its accounts for 2005 would be delayed while the
investigation takes place.

The need for further investigation means that there will inevitably be a
delay in publication of the group’s accounts relating to 2005, there are no
other matters delaying the publication of those results, CRC said

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource