Business – Courtaulds FD quits for Pearson

Pippa Wicks, the group finance director of Courtaulds Textiles, who refused to guarantee finance jobs last month after the company announced more than 1,000 redundancies, has announced she is leaving to move to a different role at a FTSE-100 company.

She will become managing director of the newly created management education business of Pearson, the international media group which owns the Financial Times.

Wicks will take up the position in March after six years at Courtaulds. The company’s current financial controller, Andrew-Carr Locke, will succeed her.

In December, Wicks refused to guarantee finance jobs when Courtaulds announced 1,125 job cuts following the company’s takeover of Claremont Garments, a supplier to Marks & Spencer, in October.

Prior to joning Courtaulds Wicks was a senior manager with Bain & Company, the management consultancy.

At Pearson she will be will head a unit responsible for the Financial Times group distance learning management educatiopn operations and Pearson Education’s intellectual properties.

Alistair Summers, finance director of Saville Row shirts, said Wicks’ move appeared to be a good one.

‘She’s a high-flyer and has been there a long time.

It’s difficult to fault her.’ He added that the textile industry was a fertile breeding ground for business leaders and that experience at a company which had ‘struggled’ was a plus, rather than a minus point.

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