PracticePeople In PracticeRSM Tenon recruits ex-PwC managing partner as CEO

RSM Tenon recruits ex-PwC managing partner as CEO

Former PwC partner and serial finance director Chris Merry picks up where Andy Raynor left off

RSM TENON has recruited former PwC partner Chris Merry as chief executive, succeeding Andy Rayner who stepped down earlier this year.

Merry (pictured) joins the listed firm from private-owned corporate finance business Matrix, where he was CEO. He started his career at PwC holding roles such as managing partner in Shanghai and partner in its London office. Previously he was finance director, then CEO, of listed specialist recruiter Whitehead Mann, and FD of law firm Clifford Chance.

Adrian Martin, chairman of RSM Tenon and acting CEO, said: “We are pleased to appoint Chris to the role. Chris has a strong track record of transforming businesses and I am confident that with his experience RSM Tenon has the leadership to restore profitability and growth.”

Former CEO Andy Raynor stepped down at the end of January after the firm announced it expected to post a loss for the last six months of 2011.

In a trading update, RSM Tenon said it expects revenue will fall 10% compared to the same period a year ago.

The firm’s half year result for the six months ending 31 December 2011 is due to be announced at the end of February.

Merry said: “Whilst RSM Tenon is undoubtedly going through a challenging period, there is a strong underlying business and a solid platform for the future. I look forward to working with the executive team to restructure and build the business for the long term.”

 

Related Articles

PwC publishes 12.8% BAME pay gap

Accounting Firms PwC publishes 12.8% BAME pay gap

3m Emma Smith, Managing Editor
Which Big Four firms are the best employers in the UK?

Accounting Firms Which Big Four firms are the best employers in the UK?

1y Fraser Simpson, Reporter
PwC sign Women in Finance Charter

Accounting Firms PwC sign Women in Finance Charter

1y Fraser Simpson, Reporter
PwC and Deloitte chiefs sign Remain letter

Business Regulation PwC and Deloitte chiefs sign Remain letter

1y Kevin Reed, Writer
Record number of partner promotions for PwC

Accounting Firms Record number of partner promotions for PwC

1y Fraser Simpson, Reporter
FRC appoints John Hitchins as FRRP deputy chair

People In Practice FRC appoints John Hitchins as FRRP deputy chair

1y Richard Crump, Writer
Take part in our 'Seven Days in Accountancy' quiz

Accounting Firms Take part in our 'Seven Days in Accountancy' quiz

1y Fraser Simpson, Reporter
PwC promotes Kail to UK head of financial services

Accounting Firms PwC promotes Kail to UK head of financial services

2y Fraser Simpson, Reporter