BusinessPeople In BusinessMoulton bows out over succession spat

Moulton bows out over succession spat

Former managing partner at Alchemy quits after disagreement over appointment of successor

This summer, as usual, saw a lull in job movement with some notable
exceptions, including one accountant who chose to go out with a bang.

Jon Moulton is the chartered accountant, private equity legend and former
managing partner of Alchemy Partners, who has become the media’s go-to man for
criticism of the banks and their bonus culture. He quit Alchemy after writing to
shareholders saying he could not agree with the appointment of his successor
Dominic Slade.

Another person facing big change is finance director Anne Bulford at Channel
4, who looks as if she will find herself running the broadcaster when current
chief executive Andy Duncan steps down. Reports in the weekend press suggested
Duncan was already negotiating a severance package. Despite acting up Bulford
was bluntly described as not a contender for the top job full-time. Quite a
conclusion.

Speculation continues on the future of Whitbread FD Chris Rogers after the
arrival of Richard Baker as a non-executive director. Baker is the former chief
executive of Boots who left when it was bought by KKR. Reports suggested Baker
might be in line for the CEO’s seat undermining Rogers’ own ambitions.

Among the firms, the news is that practice has another female managing
partner ­ at last. Susan Sedgwick is taking over the running of Watson Buckle in
Bradford. Sedgwick is also thought to have been the first female partner in
Bradford on her appointment in 1987.

She specialises in housing associations and not-for-profit organisations
along side a large portfolio of audit clients. She said the job would be a “big
challenge” but an “exciting one”. She won’t be far wrong in the current climate.

Finally, Moore Stephens has taken Nathans of Dublin and Cork into the network
making Carl Dillon the managing partner for the network in Ireland. The network
clocked 5% growth to the year ending in December, down from 12% the previous
year.

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