RSM TENON’S former CFO and CEO have both officially stood down from Baker Tilly following a handover period.
Ex-RSM Tenon CEO Chris Merry and CFO Adrian Gardner have stepped down from all RSM Tenon affiliated companies that were bought by Baker Tilly, including: RSM Tenon Investment Solutions; RSM Tenon Limited; and RSM Tenon Corporate Finance.
In an interview with Accountancy Age, Baker Tilly managing partner Laurence Longe said that both Merry and Gardner would step down following a handover period.
However, it has not yet been revealed what Merry will do next. Baker Tilly said neither are on gardening leave and are free to join another establishment whenever they wish.
Gardner has been lined up to take on the CFO role at listed credit business International Personal Finance.
He will succeed David Broadbent, who beocmes chief commercial officer at the company.
Baker Tilly announced at the end of last year that profits before tax were £8.6m down on the previous year.
For the year ended 31 March 2013 pre-tax profit was £7.2m compared to £15.8m for the same period a year earlier. Profit after tax fell to £6.9m from £14.6m in 2012. These figures do not reflect the acquisition of RSM Tenon, which was officially acquired on 2 September.
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