Micro Focus places CFO Nick Bray on gardening leave
Nick Bray steps down from the Micro Focus board after entering into discussions over a CFO role at a competitor
FTSE 250 software company Micro Focus has put CFO Nick Bray on gardening
leave after it emerged that he was in discussions with a competitor to take up
the CFO role at the company.
Bray, who has been with the company since 2005, informed the board that he
was in talks with several companies that may or may not lead to him accepting a
position with one of them. Given that one of these was with a “strategic
competitor”, he offered his resignation from the board and was placed on
gardening leave.
The company will now begin the search for Bray’s replacement