Reed’s finance chief to leave

City A.M. Reporter
ANGLO-DUTCH information group Reed Elsevier said yesterday its finance director Duncan Palmer would step down in September 2014 due to family circumstances.

Reed, which competes with Thomson Reuters and Wolters Kluwer NV, said Palmer would resign from the board in 12 months or on a date chosen by the company. “Duncan has made an important contribution to the business and I am disappointed that his family circumstances require him to return to the US,” chief executive Erik Engstrom said.