14th Dec 2020 11:45
(Alliance News) - Dignity PLC on Monday said Finance Director Steve Whittern has resigned from the board with immediate effect, and will leave the company at the end of the year.
Dean Moore, who was appointed as a non-executive director in March, will become interim chief financial officer on Whittern's departure, having previously been CFO at Cineworld Group PLC and N Brown Group PLC.
The funeral services provider added that it "has not lost sight of the need to drive the ongoing root and branch review through to an economic conclusion."
"Accordingly, given that our over-arching desire to grow sustainable long-term market share could have ramifications for short-term performance, we are working closely with our largest shareholder in order to endorse the combination of compelling propositions and price points to best leverage the strengths of our existing resources," said Dignity.
Additionally, Richard Portman has resigned as corporate services director, also effective immediately. Like Whittern, Portman will leave the company on December 31. Portman's current responsibilities will be handed over to Executive Chair Clive Whiley.
The Sutton Coldfield, West Midlands-based also appointed Andrew Judd, current director of the company's funeral operations, as an additional executive director with immediate effect, with his responsibilities remaining unchanged.
Dignity said it is looking for a long-term finance director and also to fill the new role of chief operating officer. It continues it search for a new chief executive officer, timed for the outcome of its strategic review.
Shares in Dignity were down 5.2% at 688.58 pence in London on Monday.
By Zoe Wickens; [email protected]
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