6th Nov 2014 09:27
LONDON (Alliance News) - Billington Holdings PLC on Thursday said Mark Smith is to become its new chief executive officer in January, as existing CEO Steve Fareham steps down six months early.
Smith is currently the chief operating officer of the steel and construction products company. He will take over the position on January 1 following the retirement of Fareham. Billington had said in July that Fareham would remain in place until the company's next annual general meeting in June 2015.
Fareham is set to remain on the board of the company as a non-executive director following his retirement.
Billington shares were untraded on Thursday morning at 162.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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