GSK appoints HSBC director Iain Mackay as new CFO
British pharmaceutical company GlaxoSmithKline (GSK) has appointed Iain Mackay as its new CFO as part of the restructuring of the company’s executive team. Prior to joining GSK, Mackay served as the CFO of HSBC and also held roles in companies such as General Electric, Schlumberger Dowell and Price Waterhouse.
GSK CEO Emma Walmsley commented on the appointment and said: “I’m delighted to welcome Iain to GSK. As a proven CFO of a complex, regulated global organisation, he brings tremendous finance experience and will be a great addition to the team. He is a strong leader with a track record of driving cost, cash and capital allocation discipline to deliver strategy. These capabilities will be vital as we continue to implement our Innovation, Performance and Trust priorities for the benefit of patients and shareholders.”
Saga CFO to depart on 28 September
Saga, an FTSE 250 Company has announced the resignation of their group chief financial officer-Jonathan Hill, effective September 2018. The company issued a statement about the resignation and confirmed that the search for a new CFO has begun. It read: “The search process for a successor to Jonathan is in progress and Saga will update the market as soon as this has concluded.”
De La Rue appoints Helen Willis as permanent CFO
Security and anti-counterfeiting provider for banknotes, De La Rue, has appointed Helen Willis as new chief financial officer with immediate effect. She will be replacing Jitesh Sodha, who resigned from the board in April. Willis was appointed as an interim CFO in April, and held the same position previously at Premier Farnell before its acquisition by Avnet-U.S parts distributor. Willis has experience in handling a number of senior finance roles in international manufacturing companies such as AZ Electronic Materials.
Speaking about the appointment, De La Rue chairman Phillip Rogerson said: “Helen’s wide ranging experience in finance and manufacturing gained within a number of large international businesses will be an asset to the company. Having worked closely with Helen as interim chief financial officer, the board has been impressed by the significant impact she is already having on the finance function and I look forward now to welcoming her on to the board of De La Rue”
Stuart Radcliffe appointed Logicalis CFO
IT service management company, Logicalis has announced the appointment of Stuart Radcliffe as its new CFO. Radcliffe currently serves as the finance director for Logicalis UK and will take up his new role from October 2018. Prior to joining Logicalis, Radcliffe held senior financial roles in renowned companies such as KCOM plc, Acentic GmbH and Unify GmbH.
Speaking about the new appointment, Logicalis CEO Mark Rogers commented that he was delighted to announce Radcliffe’s appointment as CFO.
Advance Global Recruitment appoints new finance director
Energy industry recruitment specialists, Advanced Global Recruitment (AGR) has brought Mark Scott on board as its new finance director. Prior to joining AGR, Scott held CFO and FD positions in a variety of international businesses. He also served as a senior consultant with PKD on multiple off-shore and renewable energy infrastructure projects.
Scott commented on the appointment and stated that he was delighted to be joining the company and that in his new role he will focus on building on AGR’s success and facilitating the company’s future growth ambitions.
Itaconix announces new interim CFO
Bio-based Polymer manufacturer Itaconix has recruited Michael Norris as its new interim CFO, effective September 2018. Former CFO Robin Cridland resigned from his position after 10 years to pursue other opportunities.
Norris brings over 20 years of experience with him and is a fellow of the Chartered Institute of Management Accountants. Itaconix CEO John Shaw commented on the appointment welcomed Norris to the company.
Health body appoints new finance boss
The Vale of York Clinical Commissioning Group has appointed Simon Bell as its new chief financial officer. Prior to joining Vale of York CCG, Bell served with the NHS Kernow CCG based in Cornwall. Speaking about his appointment, Bell said: “I’m delighted to have joined NHS Vale of York CCG and I can’t wait to start working with my new colleagues and partners.”
FundedByMe appoints new Group CFO
Crowdfunding platform FundedByMe has confirmed that the company has appointed Emma Leven as its new group CFO. Prior to joining FundedByMe, Leven served as a CFO at Swedeltaco AB, global director at Cambridge University Press, and as a managing director at Thorlabs Sweden. In her new role, Leven will be responsible for handling a series of future ventures including FundedByMe’s upcoming listing on NGM.
Speaking about the appointment, FundedByMe CEO Daniel Daboczy said: “Emma’s work will also be of major importance in future acquisitions or enterprises. Emma is incredibly experienced, competent and has the ambitions, the personality and the drive shared at FundedByMe. Having worked in a listed establishment is of course a big advantage but we value Emma as a great co-worker.”
Financial Planner hires new chief financial officer
Financial planning and wealth management firm Tilney has recruited Andrew Baddeley as its new chief financial officer. Prior to joining Tilney, Baddeley served as the group CFO of TP ICAP plc, a London Stock Exchange listed broker. He has also served as a group CFO for Brit Insurance and worked at the General Reinsurance Corporation as well. Baddeley is also a Fellow of the Institute of Chartered Accountants and has spent more than 10 years with PwC and Ernst & Young.
Speaking about the appointment, Tilney CEO Chris Wodehouse said: “Andrew is a highly accomplished CFO with considerable financial services and capital markets experience. We are delighted that he is joining Tilney as we embark on the next phase of growth and development.”
Pandora boss steps down just days after profit warning
Denmark-based jewellery company Pandora has confirmed that the company’s president and chief executive officer, Anders Colding Friis, will be stepping down from his post at the end of August. It was also announced that the former chief executive of The Body Shop- Jeremy Schwartz will take over the business as the chief operating officer from September. Schwartz, along with Pandora’s chief financial officer, Anders Boyer, will be managing the company.
Speaking about the resignation, Pandora chairman Peter Tuborgh commented: “The board recognises the important role Anders Colding Friis has played in leading the company and in particular in developing and articulating the right new strategy assuring the future success of Pandora. Pending the appointment of a new CEO, I am delighted that we have Anders Boyer and Jeremy Schwartz on board to take the lead.”
CNH Industrial names Welbilt boss as its new chief executive
Trucks and tractor maker CNH Industrial has confirmed the appointment of Hubertus Muhlhauser as CEO replacing Richard Tobin who resigned earlier this year. Muhlhauser has previously worked with foodservice equipment maker Welbilt as a director, president and chief executive since 2015, and he worked at an agricultural equipment maker AGCO prior to that. Derek Neilson, the interim CEO will continue his role of chief operating officer for the EMEA region as well as president of the commercial vehicles product segment.
Clare Rush departs DMG Media following ad sales shake-up
DMG Media, part of Daily Mail publisher DMGT, bid farewell to its chief revenue officer Clare Rush after DMG Media’s unification of its advertising divisions. The company stated that Rush decided to resign because she believed that it was time to move on. She held her position for two years and has previously worked for MEC, where she was in charge of driving the commercial delivery for clients and MEC for investment.