IN BRIEF: Rank CFO to take temporary charge as CEO O'Reilly steps down
Rank Group PLC - Maidenhead, England-based owner of Grosvenor Casino and Mecca Bingo - Says Chief Executive Officer John O'Reilly, "following discussions with the board", will step down on January 29, though he will continue to support the business until the end of the current financial year, which is on June 30. Chief Financial Officer Richard Harris will be appointed interim CEO with effect from January 30. Harris has been an executive director since joining Rank as CFO in May 2022. "Richard's extensive knowledge of the business is coupled with broad experience in consumer facing businesses, and he has made a significant contribution to the group's progress in recent years," Rank says. Prior to Rank, Harris was CFO of estate agent Foxtons Group PLC and previously held positions at engineering firm Laird PLC and retailer Marks & Spencer Group PLC. A formal search process to identify a permanent CEO will now begin, Rank says. Read More