Spirent boss steps down

 
Oliver Smith
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SPIRENT Communications, the telecoms network company, announced the departure of long-serving chief executive Bill Burns yesterday, causing a five per cent jump in the company’s share price.

Spirent gave no reason for Burns departure from the firm, but announced that he would be succeeded by chief financial officer Eric Hutchinson while a permanent replacement is found.

On the departure the company, which tests ethernet, 3G and 4G networks and devices, said in a statement: “The board, with a view to the long term, will in due course retain consultants to undertake an extensive search for a new chief executive officer.”

Shares rose 6p to 134p yesterday on the news.