PracticeConsultingNew arrival at Wiggins Group

New arrival at Wiggins Group

Property developer Wiggins Group today announced the appointment of David Green as its new finance director.

Green, who will take up his post on 1 October, previously headed finances at construction firm Taylor Woodrow for 12 years. The chartered accountant, who qualified with Arthur Andersen, took early retirement from Taylor Woodrow last year.

He will replace Geoff Lansbury, the current finance director, whose role is being investigated by CIMA’s disciplinary committee following the company’s accounts debacle, which unfolded this year.

The company was forced to re-state its accounts from 1995 to 2000, wiping £35m off its 2000 results and creating a £9.9m pre-tax loss for the year. In its 2001 annual results, Wiggins apologised publicly to its shareholders and announced HLB Kindons would no longer audit the company.

Wiggins, which also owns Manston airport in Kent, said Lansbury will continue with the company as property director and his responsibilities will include developing the company’s PlaneStation network worldwide.

According to a company spokesman, Green was chosen because ‘he is very experienced in the construction market, has international experience. He’s got all the experience they need’.

Links

Wiggins says sorry for accounts debacle

Wiggins to replace auditor HLB Kidsons

New probe into £35m Wiggins controversy.

FSA investigates £74m error at Wiggins

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