Upmarket retail giant Selfridges is recruiting a new finance director
following confirmation Phillip Clarke has tendered his resignation.
The spokesman confirmed Clarke’s departure as being ‘his choice’ and that
there was nothing untoward in his resigning after five years in the role.
His tenure with parent company Sears began 15 years ago, according to the
spokesman, and he had ‘grown into the role like so many others at Selfridges’.
Clarke is understood to have taken a role in the healthcare sector.
A spokesman for Selfridges said that Clarke left ‘a few weeks ago’. A
statement lodged with Companies House records the departure at the end of June.
The search for a replacement is ‘ongoing’, a spokesman said.
Selfridges Holdings made pre-tax profits of £26.8m in the year to 3 February
2007, according to the most recent annual accounts filed with Companies House.
For the same year, the company had a turnover of £355.5m.
The high-profile departure comes at a trying time for retail, as finance
directors navigate business through a difficult Christmas trading period.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.