New finance chief at condom maker

Link: Former SSL finance chiefs charged with fraud

Moran, 44, a chartered accountant, replaces Garry Watts who was appointed chief executive on 1 April 2004.

Five former executives, including the group finance director and UK finance director at SSL were charged with fraud offences by the Serious Fraud Office in November 2003.

This followed a criminal investigation which commenced in July 2001 after SSL was embroiled in an accounting scandal involving its former auditor Andersen after a £50m stock error was uncovered.

Ian Martin, SSL’s chairman said: ‘I am delighted to welcome Mark to the board. His experience will be of great benefit to Garry and his team as we focus on building SSL into a successful consumer healthcare business.’

Related reading