BusinessCompany NewsAccountant to share chief exec role at retailer

Accountant to share chief exec role at retailer

Loss-making retailer Laura Ashley has split up its chief executive post - vacated by KC Ng - between an accountant and a former Malaysian attorney general.

Link: Kingfisher FD wins £300,000 relocation bonus

The company will now be run by Ainum Mohd-Saaid, and Rebecca Navarednam, an accountant and former chief financial officer at steel giant Corus and Regal Hotels.

This decision came as the company announced a pre-tax loss of £14.1m, its worst performance in four years.

The company’s share price was last trading at 6.38p, having fallen from a high of 13p in November.

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