BusinessCompany NewsCarter & Carter FD quits

Carter & Carter FD quits

Troubled training group suffers as shares suspended following third profit warning

John Green, finance chief at troubled vocational training company
Carter
& Carter
, has quit with immediate effect just one day after the
company’s shares were suspended following a third profits warning.

On Tuesday the group was forced to
suspend
its shares
after it said it could not accurately assess its financial
position.

Green has agreed to stay with the group until it can find a successor. C
&C said that while it was looking for a new group finance director, it would
seek to appoint an acting finance director, and was receiving assistance from
senior consultants engaged recently to strengthen the group’s finance function.

Green was the last executive director on the board, following the death of
Philip Carter, the founder and chief executive of the group, in a helicopter
crash in May. Rodney Westhead, the non-executive chairman who was a partner in
Grant Thornton for 14 years, is the acting chief executive.

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