Tenon FD leaves
Tenon has been dealt a severe blow after it was revealed Jonathan Freedman is to quit as the group's finance director, just days after announcing 'disappointing' results.
It is understood Freedman himself made the decision to leave, but will remain in place until a full-time replacement is found.
The group said the timing of the decision was not connected to the recent results which showed a profit before goodwill amortisation of £678,000 from a £55m turnover – described by chief executive, Ian Buckley as disappointing.
The group was forced to issue a profits warning at the end of last year. Andy Raynor, chairman of its Midlands region, and former partner of BDO Stoy Hayward West Midlands, will take on the role on a temporary basis.
Buckley said: ‘Jonathan’s contribution to Tenon has been significant. Sadly he has decided to stand down to pursue other interests.’
It is unclear where Freedman will move to. He was unavailable for comment.