Thursday 18 October 2018 4:43 pm

Information watchdog will investigate outgoing Grant Thornton CEO's leaked performance review


The Information Commissioner has said it will look into a leaked performance review of Grant Thornton’s outgoing chief executive.

The review of Sacha Romanovitch, the first female leader of a big City accountancy firm, was sent to newspapers by a group claiming to represent several Grant Thornton partners.

Read more: Grant Thornton chief executive set to stand down

The group said she was failing to focus on profitability and was leading the accountant in the wrong direction.

An ICO spokesperson told City A.M: “We are aware of an incident at Grant Thornton UK LLP and are making enquiries.”

The company announced earlier this week that Romanovitch will step down once a successor has been found.

“We have agreed that the time is right for a new CEO to take the firm forward”, she said in a statement.

She did not reveal her reasons for leaving.

Read more: Patisserie Valerie boss gives up board role to focus on bakery

The company was caught up in the scandal around high street cake shop Patisserie Valerie which discovered a £20m hole in its books last week.

Accountancy watchdog the Financial Reporting Council, said last Friday it will look into the Patisserie Valerie case, and the company’s finance officer was arrested following the revelations.