New FD to help Jarvis out of trouble
Troubled rail maintenance group Jarvis has appointed a new finance director as part of a strategy to get the company back on track.
Bill Colvin, 47, former FD at British Borneo Oil and Gas is, joins Jarvis after the company’s share price plummetted from a high of 787p in 1998 to 125p. Last month the price dropped 17p in one day alone.
Colvin will help overcome problems with financial reporting and takes over from Henry Lafferty who is to focus on other aspects of company business.