12th Jul 2016 15:02
LONDON (Alliance News) - Euromoney Institutional Investor PLC Tuesday said it has decided to appoint John Botts as the company's permanent non-executive chairman after appointing him to the role on an interim basis in November last year.
Botts was appointed as interim chairman as part of a new board structure that was launched last year after Andrew Rashbass conducted a strategic review of the business in response to a fall in profit in the financial year to the end of September 2015.
Rashbass was the executive chairman of Euromoney from October 2015, but moved to become the chief executive in November to make room for Botts.
The original plan was for Botts to return to his previous role as senior non-executive director once a permanent replacement had be found.
"John's knowledge of the company and his skill and experience on the board and in many of the markets we serve make him the ideal person to chair the company. I am delighted that John has accepted the board's invitation to continue in this role on a permanent basis," said Rashbass.
Euromoney shares were trading down 1.7% to 1,042.0 pence per share on Tuesday.
By Joshua Warner; [email protected]; @JoshAlliance
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