21st Dec 2021 08:53
(Alliance News) - Rank Group PLC has poached its new finance chief from estate agent Foxtons, the gambling operator said Tuesday.
Maidenhead-based Rank Group said it has appointed Richard Harris as chief financial officer and board director, with effect from May 1. Harris will join Rank from estate agent Foxtons, where he has been CFO since June 2019. He previously spent 11 years at retailer Marks & Spencer in a number of senior finance roles.
John O'Reilly, chief executive of Rank, commented: "I am delighted to announce Richard's appointment as our incoming group CFO. His extensive experience across a number of senior financial and operational roles will be invaluable as we continue to deliver the next phase of Rank's transformation plan."
In response, Foxtons said it has promoted Chris Hough to CFO and executive director. Hough currently is director of finance and company secretary, having joined Foxtons in May 2019. Harris will remain with Foxtons until April to ensure an orderly handover to Hough, Foxtons said.
Shares in Rank were up 0.9% at 142.50 pence in London on Tuesday morning while Foxtons shares rose 3.1% to 39.42p.
By Will Paige; [email protected]
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