27th Jun 2014 08:08
LONDON (Alliance News) - Struggling LED lighting technology company Dialight PLC Friday said it has appointed Fariyal Khanbabi as group finance director, replacing Mark Fryer who stepped down in January after the company issued a profit warning.
Dialight has been hit by delayed lighting orders, the restructuring of its obstruction business and a fall in revenues in its traffic business.
Khanbabi, who will take up the post in September, joins from fuel trading and distribution business Blue Ocean Group.
Kevin Higginson, who has been Dialight's interim chief financial officer since January 21, will leave the group on July 21, following the announcement of the group's half-year results. From that date, the senior finance role will be filled by Financial Controller Paul Haworth until Khanbabi joins.
Dialight shares were quoted up 1.1% at 887.00 pence Friday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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