ABB CEO steps down abruptly in middle of group’s overhaul
Swiss-Swedish multinational corporation ABB’s CEO Ulrich Spiesshofer has quit as the board and major shareholders are seeking a turnaround at the maker of industrial robots and supplier of factory automation. Chairman Peter Voser will undertake the responsibilities of CEO until a successor is appointed.
Commenting upon the change, Voser stated: “If the board, including Mr. Spiesshofer and the executive committee look at our performance over the last few years on a competitive basis, we are not where we would like to be. He is happy after 14 successful years in executive positions and five-and-half years as CEO to move on and do something else.”
Britvic CFO Mathew Dun to resign on 19 April 2019
Soft drink manufacturer Britvic‘s Chief Financial Officer (CFO) Mathew Dun is resigning from his role. His resignation will come into effect from 19 April 2019. The company has also announced that Dun will be replaced with Joanne Wilson, who will be joining as the new CFO from September 2019.
BrewDog hires Just Eat finance director Dominic Neary as CFO
Brewer BrewDog has roped in Dominic Neary as its new chief financial officer (CFO). Neary will be replacing Jason Marshall who had joined the brewery from Coca-Cola European Partners in 2018. Before BrewDog, Neary had held various roles at Moneysupermarket and Unilever.
Confirming the move, a BrewDog spokesman said: “We are delighted that Dominic Neary will be joining BrewDog in the role of chief financial officer. Dom comes with a wealth of experience in international finance and will bring his expertise to drive BrewDog’s record-breaking growth in the UK and globally.”
Equifax hires new Vice president of operations for UK and Ireland
Global consumer and business insights company has named Tony Banks as vice president of operations for the UK and Ireland. Banks brings with him over 20 years of expertise with the banking sector. In his new role, Banks will oversee operational activities at Equifax in London, Wexford, Leeds and Nottingham. He will be based in London and will report to the Equifax Europe President Patricio Remón.
Commenting upon the new appointment, Remón stated: “Tony brings a wealth of experience, knowledge and expertise to Equifax. He’s a proven operations and transformation executive, who has delivered numerous initiatives benefiting end customers. We have a continuous focus on evolving and improving our operational procedures, which is of paramount importance to deliver excellent services for our clients. Tony’s appointment will be integral to this process.”
Société Générale names Demetrio Salorio as new UK head of global finance
French bank Société Générale will be replacing its current UK head of global finance, Alvaro Huete with Demetrio Salorio. Based in London, Salorio will be taking on the responsibilities from 15th May and will be reporting to Sadia Ricke, UK chief country officer.
In this new role, Salorio’s responsibilities will include overseeing the bank’s UK global finance division, which includes asset finance, capital markets, natural resources and infrastructure, syndication and structured finance. He will be moving from his previous role as the bank’s global head of debt capital markets (DCM), which he has held since 2010.
Richard Glenn becomes deVere’s newly created Group CFO role
Independent financial consultancy deVere has appointed Richard Glenn as its new CFO with immediate effect. He will focus on the advisory side of the company’s business model and will be reporting to Nigel Green and the board of directors. Prior to deVere, Glenn was CFO at UAE-based wealth manager Credence International for more than three years.
Commenting on the appointment, deVere CEO Nigel Green said: “The creation of this CFO position represents a natural and positive evolution of executive responsibilities at deVere as we continually grow, develop and adapt to new market conditions and regulatory landscapes. We continue to implement our strategic growth plans and will include further major acquisitions, senior level recruitment, and the roll-out of new and subsidiary brands. This will serve to further cement our dominant status within the international space.”
Tri-Star Resources heads to step down
Mineral processing company Tri-Star Resources has announced that acting CEO and CFO Karen O’Mahony will step down from her role at the end of April. Replacing her as the new CEO and CFO will be David Fecey, on the day she exits. O’Mahony will continue to serve as a special adviser to the company to ensure a smooth transition.
Fecey brings with him over 20 years of corporate finance and equity capital markets expertise. Currently, he serves as a finance director of AIM-based diamond producer BlueRock Diamonds. In addition, chair of Tri-Star Mark Wellesley-Wood will be stepping down from his role with immediate effect. Adrian Collins, independent non-executive director will replace Wellesley-Wood as chair.
PTL appoints first chief operating officer
Financial services provider PTL has appointed Dawn Harris to the newly created role of chief operating officer. Harris joins PTL with over 20 years of experience in the finance sector. Most recently, she served as director of finance in law firm Oury Clark. Commenting upon her appointment, Harris said: “PTL is a market leading, innovative and energetic company with an excellent reputation. They are growing year on year, and their commitment to having a business run to the highest standards was extremely appealing, as it really sets them apart in the industry. They are at an extremely interesting time in their evolution and I am confident I can bring a new perspective to the team.”
ENGIE appoints new CEO for UK & Ireland
French multinational utility company ENGIE has named Nicola Lovett its new CEO of the UK and Ireland business, effective 1 May, 2019. Lovett has been working with ENGIE since 2013 in various executive positions. Most recently, she served as divisional CEO for business energy and services, taking responsibility to deliver innovative customer-led solutions and technologies to thousands of UK businesses. She will succeed the present CEO Wilfrid Petrie, who will take up a new role on the company’s executive committee based in Paris.
“I’m delighted to be taking up the role of ENGIE’s CEO for UK & Ireland. We have a clearly defined strategy in integrated client solutions and flexible and renewable energy, delivering outcomes for both business and local authority customers that enable them to balance their performance with responsibility,” commented Lovett upon her appointment. “I look forward to helping our customers in the transition towards a more decentralised, increasingly digital, zero carbon economy. Our focus on improving people’s lives through better living and working environments remains unchanged,” she said.
Bjørn Ivar Moen made CEO of Canal Digital
Oslo-based communications company Telenor has hired Bjørn Ivar Moen as new CEO of Canal Digital and Telenor Broadcast, effective 1 June, 2019. Moen has worked with Telenor since 2000, most recently as the acting CEO of Telenor Norway. He will replace the departing CEO Ragnar Kårhus.
Commenting upon his new position, Moen said: “This is certainly an exciting opportunity and I am both thrilled and honoured to take on the CEO role. Canal Digital operates in an interesting and transformative industry. I look forward to joining Telenor Broadcast and the team and contribute in driving the business forward.”
Dogs Trust appoints Owen Sharp as new CEO
Animal welfare charity Dogs Trust has appointed Owen Sharp to the role of chief executive, effective of July. Presently, Sharp is the CEO of the men’s healthcare charity Movember Foundation. Prior to this, he was the CEO of Prostate Cancer UK and deputy chief executive at Victim Support.
Interim CEO of Dogs Trust, Jim Monteith said: “We’re delighted that Owen will be joining Dogs Trust. Owen has a strong history of leading incredibly successful charities, including Movember and Prostate Cancer UK. He impressed us with his wealth of experience, his thorough knowledge of the sector as well as his positive personality. He’s exactly the person we need to take up the reins here and we’re looking forward to him getting started.”
Former RBS exec Caroline Rainbird named next FSCS CEO
UK’s statutory Deposit insurance and investors compensation scheme Financial Services Compensation Scheme (FSCS) welcomes Caroline Rainbird as its new CEO. Rainbird brings with her over 30 years of experience in the financial services industry having held various roles, including senior positions at RBS between 2009 and 2017. The present CEO Mark Neale will work with the company until 3 May, 2019, with Rainbird taking over the role on the next day.
FSCS chairman Marshall Bailey commented: “It is a testament to the standing and reputation of the FSCS that we have been able to attract a world class leader like Caroline. Her array of financial services experience, understanding of the regulatory landscape and passion for the consumer meant she was the obvious candidate. Her industry pedigree will particularly help our work on tackling the causes of compensation and improving fairness for all consumers.”
NHS Grampian appoints Amanda Croft as chief executive
NHS Grampian has named a former nurse Amanda Croft as the new chief executive. Croft has effectively led the health board on an interim basis since Malcolm Wright retired last year. Previously, she was the director of nursing, midwifery and allied health professions and is a visiting professor at Robert Gordon University.
Croft said: “The people of Grampian – patients, staff and the public – are at the heart of everything we do, and I am very proud to have the opportunity to lead such an innovative and vibrant organisation”
Human Appeal hires new chief executive
International development and relief charity Human Appeal has named Dr Mohamed Ashmawey as its new chief executive, replacing Othman Moqbel. Prior to this, Ashmawey was a humanitarian management consultant. He is also a former chief executive of Islamic Relief.
Commenting upon the appointment, Dr Kamil Zakariyya Omoteso, chair of Human Appeal said: “We are confident that Dr Ashmawey will successfully take Human Appeal to the next level and drive our strategy forward so that we focus on our common goal to support our beneficiaries and become the global agent of change for a just, caring, and sustainable world.”
Strat7 hires Alex Knight as its new CFO
Data, insight analytics and strategy specialist Strat7 has named Alex Knight as its chief financial officer. Prior to this, Knight has served as a consultant. He was previously the chief official officer at ICM Unlimited and Walnut between 2012 and 2017. In his new role at Strat7, he will oversee mergers and acquisitions as well as plans for international expansion. In addition, he will lead the launch of new data services that the company offers.
Chief Executive of Strat7, Barrie Brien stated: “Having worked with Alex before on the buy and build phase of Creston plc, I’m confident he will implement the commercial and financial platforms instrumental for the growth and success of Strat7. His experience in launching data solutions using video, neuroscience and eye tracking technology make him a great fit for the group and will help to extend our specialisms further.”
Stonehage Fleming appoints its new CFO
London-based wealth management company Stonehage Fleming has announced the appointment of Becton Davis to the newly created role of chief financial officer, effective immediately. Davis brings with him over 20 years of banking and financial services expertise as well as 17 years of asset and wealth management experience. Prior to this, he worked at Close Brothers Asset Management as chief financial officer for seven years.
Commenting upon his appointment, Davis said: “It gives me great pleasure to take on this role at such an exciting time in Stonehage Fleming’s journey. I am looking forward to working with my new colleagues to help the group achieve its financial and strategic objectives.”
Highlands Natural Resources appoints Nick Tulloch as its finance director
Natural resource company Highlands Natural Resources has brought on board Nick Tulloch as its finance director and company secretary. Tulloch, who is expected to join the firm in the second quarter of 2019, will be responsible for supporting the development of the company’s investor relationship strategy.
Highlands Natural Resources’ chairman and CEO, Robert Price said: “Nick has been Highlands’ financial adviser for the past four years and therefore already has a very strong working relationship with the team and our strategy. I am delighted to announce his appointment to the Board in the role of finance director.”
BritainThinks expands team
UK-based insight and strategy consultancy BritianThinks has strengthened its research and operations team with three new appointments. Richenda Devereux is appointed to take over the head of operations position. Devereux joins from the market research agency The Nursery Research and Planning where she was responsible to run operations on day-to-day basis and implement business strategy across HR, finance, office management, marketing and business development. Additionally, Emily Fu has been appointed as the research director; and Rachel Rowlinson has joined as the research lead.
Mark Gresty appointed as head of operations of O&H Vehicle Technology
Automotive company O&H Vehicle Technology has welcomed Mark Gresty in the newly created role of head of operations. Gresty has 35 years of experience as an army major as well as leadership experience across various sectors such as personnel, logistics and operations. In his new role, he will continue to implement military culture within the company’s shop floor and lead a team of 150 people parallel to its management team.
Former Royal Engineer and managing director of O&H Vehicle Technology Oliver North said: “Mark Gresty has an incredible record, pedigree and legacy in the military and has more recently executed some outstanding projects in the private sector. With the commencement of our ‘O&H 2.0’ project, we required an experienced change manager with a particular competence for making our experienced teams work more seamlessly together. Mark’s skillset will allow us to absorb said changes whilst increasing performance, without disruption.”