BusinessCompany NewsNew FD for taxi-maker Manganese

New FD for taxi-maker Manganese

Manganese Bronze promotes Tony Pearman to FD, to steer the company's finances

LONDON TAXI manufacturer Manganese Bronze has appointed a new group finance director.

Tony Pearman takes the FD role with immediate effect.

Pearman is promoted from financial controller, a role he served for seven years at Manganese. He previously held senior positions at London Taxis International and LTI Carbodies.

The company has had a rough ride in recent months. Manganese has struggled to secure extra funding from shareholder Geely, while its share price has plummeted due to poor sales. However, Q3 2010 sales saw a slight improvement year on year.

The cab-maker’s share price held steady in the first hour of trading on news of Pearman’s appointment, at 73.5p.

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