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New FD for taxi-maker Manganese

(Accountancy Age) Tony Pearman has been announced as Manganese Bronze’s new FD, taking the post with immediate effect.

Pearman is promoted from financial controller, a role he served for seven years at Manganese. He previously held senior positions at London Taxis International and LTI Carbodies.

The company has had a rough ride in recent months. Manganese has struggled to secure extra funding from shareholder Geely, while its share price has plummeted due to poor sales. However, Q3 2010 sales saw a slight improvement year on year.

The cab-maker’s share price held steady in the first hour of trading on news of Pearman’s appointment, at 73.5p.


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