PracticeConsultingBoo.com finance director resigns after only two months

Boo.com finance director resigns after only two months

Boo.com yesterday announced the resignation of its finance director following aproblematical few months for the online sports retailer.

Dean Hawkins is moving to become finance director of Dutch internet service provider,Chello.

Boo.com poached Hawkins from Adidas Salomon and he has been the retailers FD for only two months.

Hawkins’ new appointment with Chello will take effect immediately, according to Boo’s chief executive, Ernst Malmsten.

Chello is a muchlarger company than Boo.com and is also preparing to float later this year. Boo.comcurrently has no intention to float.

The news of Hawkins’ resignation came as a surprise to the internet start-up,which has faced extensive problems since its launch last autumn.

Thebusiness-to-consumer start-up has so far announced 90 job losses this year.

Shares in internet start-ups fell dramatically yesterday which analysts sayillustrates a shake-up in the market, differentiating companies with long-termbusiness plans from profiteering start-ups.

Shock tax bill threat for investors as stock exchange comes to standstill

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