COST-CUTTING at listed financial services firm Braveheart has seen the CFO role chopped.
The group, which helps SMEs gain investment from both the public and private sectors, identified synergies and cost savings following a review of its management structure and cost base. As a result, CFO Aileen Brown has stepped down.
Brown’s role is taken on by two members of its accounts team: Jennifer Kennedy, its ACCA-qualified financial controller, and company accountant Kevin Brown.
CEO Geoffrey Thomson assumes overall responsibility for accounting function oversight, and Brown steps up to company secretary.
The board thanked both Aileen Brown and non-executive Ken Brown, who also departs, for their “hard work and commitment”.