Zenergy accountants to leave after shareholder revolt
Board members to leave after disagreement with shareholders over Zenergy's future
Board members to leave after disagreement with shareholders over Zenergy's future
Senior accountants are set to leave the board of Zenergy after shareholders rejected the semiconductor business’ strategy.
The board of Zenergy had proposed its sale, to improve the group’s access to funding and commercial relationships.
But, in a statement to the Stock Exchange, Zenergy announced it had quit the sale process due to resistance from shareholder groups.
“In the circumstances the NEDs have resigned from the Board with immediate effect,” said Zenergy in its statement.
Subsequently, Zenergy’s non-executives have stepped down. Among the non-execs was David Jeffcoat, chairman of its audit committee.
CIMA-qualified Jeffcoat was finance director of Ultra Electronic Holdings between 2000 and 2009.
Another leaver is Tony O’Reilly, who worked at Coopers & Lybrand in corporate finance, advising natural resource companies.
CFO Karen Chandler will leave the group at its AGM, as she will not seek re-election. Chandler was an associate director at KPMG specializing in transaction services where she worked on AIM and main market flotations.
For more company news visit the Share Price Centre
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleFormer PwC chairman Ian Powell is set to join outsourcing firm Capita Read More...
View articleFormer SAGE CEO and CFO reunited at NYSE-listed IT business WANdisco Read More...
View articleReviews involving auditors, external assurance and internal audit, outline extent of financial and control issues at RSA's Irish division Read More...
View articleDays after a profit warning, Simon Herrick steps down from the high street retail giant Read More...
View articleMatthew Price takes CFO role at Moneysupermarket.com, succeeding Paul Doughty who leaves to pursue other interests Read More...
View articleCurrent National Grid non-exec and former CFO of International Power takes chair role at listed tobacco company Read More...
View articleSMEs and small caps slow to apply shared services, ‘right-sourcing’ and technological best practice, research finds Read More...
View articleMarc Dunoyer replaces Simon Lowth as AstraZeneca CFO, as British drugmaker battles falling sales Read More...
View article