AdSlot 1 (Leaderboard)

FD quits The Hut

ONLINE retailer The Hut has lost its finance director after he quit because the company cancelled its planned flotation for later this year.

Paul Meehan resigned after a year with The Hut, according to the Independent. The Hut has the backing of a raft of top business names including former M&S chairman Sir Stuart Rose and former chief executive Sir Terry Leahy.

Reports suggest that a flotation is on hold but remains a long-term aim of the company which has recently raised new funding.

Related reading

/IMG/895/121895/rolls-royce-logo
/IMG/589/211589/mining-law2
/IMG/369/214369/tesco669
/IMG/082/272082/ladder-view-from-the-top-1-web