6th Nov 2019 08:56
(Alliance News) - CVS Group PLC said on Wednesday that Chief Executive Officer Simon Innes has decided to step down immediately, but added that trading remains in line with expectations.
The veterinary services provider said Innes will step down after 16 years as CEO, with immediate effect. Richard Fairman, group finance director since September 2018, will take over as CEO with immediate effect.
Additionally, Ben Jacklin, director of practice operations, has been appointed as chief operating officer, while Robin Alfonso, head of finance since July, assumes the role of finance director. Both Jacklin and Alfonso are expected to be appointed to the board shortly, CVS said.
CVS noted that its current trading remains in line with management's and consensus market expectations for the current financial year to June 2020.
CVS shares were up 0.4% in London at 966.73 pence each on Wednesday.
By Loreta Juodagalvyte; [email protected]
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