14th Oct 2019 09:33
(Alliance News) - Shares in Laura Ashley Holdings PLC were being heavily discounted on Monday after the retailer announced the resignation of Sean Anglim, its finance director & joint chief operating officer, after more than 20 years in the company.
The clothing and homeware retailer was 27% lower at 1.37 pence on Monday on the London Stock Exchange.
Anglim will remain with the company until the end of 2019. In the meantime, Financial Controller Sagar Mavani has been promoted to the role of chief financial officer.
Anglim has been part of Laura Ashley for 23 years since 1996. He became chief financial officer in 2009, and then joint chief operating officer in 2011. In 2012, Anglim was appointed to both roles.
"The board would like to take this opportunity to thank Mr Anglim for his contribution during his tenure with the company and to wish him the very best for the future," Laura Ashley said in a statement.
By Dayo Laniyan; [email protected]
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