New FD for taxi-maker Manganese

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.

Related reading