CITY MOVES | WHO’S SWITCHING JOBS March 28, 2012 First Reserve The leading global investment firm dedicated to the energy industry has appointed Alex T. Krueger as president, the next milestone in its senior management succession plan. Krueger has been with First Reserve for thirteen years, most recently serving as managing director in London. He was previously co-head of the company’s buyout funds. Krueger’s [...]
RSM Tenon plans staff cuts February 29, 2012 Advisory and accountancy group RSM Tenon is planning staff cuts as its costs rise, as it confirmed it had made a loss in the first half of its financial year. In the six months to 31 December, the company saw revenues fall 9.3 per cent to £107.8m. Taking into account a goodwill payment of £60.7m, [...]
London firms set to expand February 23, 2012 London’s entrepreneurs have set themselves ambitious growth targets, with 93 per cent looking to expand this year and one-fifth planning on growing by over 25 per cent, research from RSM Tenon showed yesterday. Respondents remained upbeat on the weak economic outlook with two-thirds claiming the challenging environment brings more opportunities, although under one-third are looking [...]
RSM Tenon hires chief exec for turnaround February 15, 2012 STRUGGLING accountancy firm RSM Tenon, which last month issued a profit warning, has appointed a permanent chief executive to lead it through a strategic review. Chris Merry, a former chief executive of broker Matrix Group, will join RSM with immediate effect, replacing incumbent interim Adrian Martin, who will become non-executive chairman. Merry led Matrix for [...]
RSM Tenon shares crash as CEO exits January 23, 2012 ACCOUNTANCY firm RSM Tenon has parted ways with its two leading executives after issuing a third results warning in two months, causing shares to crash 29 per cent. The company is suffering from reduced sales, pressure on margins and an enormous debt pile. RSM Tenon say sales in the six months to 31 December are [...]
RSM Tenon plunges 32 per cent December 13, 2011 Shares in accountancy firm RSM Tenon fell by more than 30 per cent during trading yesterday after the company said “erratic markets” were hitting business. At the group’s AGM chief executive Andy Raynor said all of RSM’s services had suffered a fall in year-on-year trading performance. RSM’s next scheduled financial update is due 21 February next [...]
CITY MOVES | WHO’S SWITCHING JOBS December 8, 2011 Accor Jean-Jacques Dessors has been promoted to chief operating officer of the hotels group for the Middle East, Africa, Indian Ocean and Caribbean Islands, effective from January 2012. Dessors is currently COO for Accor UK and Ireland, responsible for the Sofitel, MGallery, Novotel, Mercure, Ibis, All Seasons and Etap hotels. He has expanded Accor’s UK [...]
CITY MOVES | WHO’S SWITCHING JOBS November 28, 2011 Northgate Information Solutions The outsourcing group has appointed Adel Al-Saleh as chief executive to replace Chris Stone, who is leaving the firm. Al-Saleh previously spent five years at IMS Health, a technology-based analytics and services company for the healthcare industry, where his roles included president of EMEA and senior vice president of global pharma solutions. [...]
CITY MOVES | WHO’S SWITCHING JOBS November 14, 2011 BTG The specialist healthcare company has appointed Garry Watts to succeed Dr John Brown as non-executive chairman, effective from 1 January 2012. Watts is chairman of the Spire Healthcare group of private hospitals, a senior independent director at Stagecoach Group and a non-executive director of Coca-Cola Enterprises. He was chief executive of SSL International for [...]
RSM Tenon finance boss quits October 18, 2011 RSM TENON finance director Russell McBurnie has stepped down after three years in the job. He will be replaced by former PA Consulting chief financial officer Adrian Gardner. It is understood McBurnie will remain at the accountancy giant in a lesser role. RSM Tenon chairman Bob Morton said: “Gardner’s experience and insight will help us achieve [...]