Torex set to lose finance chief
FD and CEO at loggerheads with board
Reports suggest that Neil Mitchell, the chief executive at IT software firm
Torex Retail and Marcus Leek, the
finance director, are set to quit after the company issued a
profit warning, suspended its shares and launched an investigation into its
Mitchell and Marcus Leek are believed to have been at loggerheads with the
rest of Torex Retail’s board since the company published a trading statement on
The company is also being investigated by
London Stock Exchange over whether or not it breached disclosure rules.
Last week Leek told the board that the company would miss forecasts for the
year as a result of contract slippage.
Leek joined Torex Retail last July from the Phones4U business.