ITE FD steps in as caretaker chief executive
Finance director of conference producer takes helm after CEO poached by private equity
Russell Taylor, the finance director of ITE is to take over as chief
executive on a care-taker basis after current boss Bill Dye was poached by a
private equity firm.
The company said its nomination committee was ready to begin a search for a
long-term replacement for Dye, and had appointed Taylor on an interim basis in
order to ‘ensure continuity’.
In an interim management statement, ITE said the financial year ‘had started
well’. Revenues in the three month period to 31 December 2007 were £13.9m,
approximately 5% ahead of the comparable figure for the prior year after
adjusting for timing differences.