PracticeAccounting FirmsTenon chairman resigns

Tenon chairman resigns

Beleaguered accountancy consolidator Tenon suffered another setback as it announcing the surprise resignation of its chairman Eric Stobart.

Link: Tenon shares hit new low

Stobart, who has been non-executive chairman since the company floated in April 2002, resigned late Friday afternoon with immediate effect ‘due to the pressure of other business commitments. He will be replaced on a temporary basis by Alan McFetrich, deputy chairman.

The chartered accountant is currently serving as senior group adviser at Lloyds TSB and is also a non-executive director of MJ Gleeson. Stobart was one of the original board appointed upon Tenon’s flotation.

His replacement McFetrich, also a chartered accountant, spent most of his career as managing partner of Coopers & Lybrand (now PricewaterhouseCoopers). He retired in 1996, but is currently a consultant to Tenon.

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

4d Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

4w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

2m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

3m Fergus Payne, Lewis Silkin