Company directors have refused to comment on whether the reshuffle is a direct result of the figures – which are expected by experts to be below market expectations.
As part of the reshuffle, finance director Andrew Gilchrist has left the group by ‘mutual agreement’ – it is believed Gilchrist handed in his notice last Friday after a board meeting, with immediate effect.
Gilchrist will remain a consultant with the group as he has a contract which runs until March.Company secretary Bruce Law will act as finance director until a permanent replacement is decided upon.
Chairman Nigel Barklem has given up his executive duties and managing director Jeremy Isaac takes up the position of chief executive.
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