13th Feb 2014 11:52
LONDON (Alliance News) - Building services company Northern Bear PLC Thursday promoted Finance Director Steve Roberts to the executive chairman role because non-executive Chairman Howard Gold is stepping down from that role after five years to focus on other business commitments.
Gold will stay on with the board as a non-executive director.
Tony Hayes has been appointed as finance director to succeed Roberts. Hayes is a chartered accountant who has worked with Northern Bear since January 2008 in divisional and group finance roles.
Northern Bear said Roberts played a key role in assisting Managing Director Graham Jennings with restructuring the company since his appointment as finance director in October 2009.
"Steve's extensive experience with the company makes him an ideal candidate for the position and the right person to guide the board in delivering its strategy going forward," Northern Bear said in a statement.
Shares in Northern Bear were trading down 0.4% at 27.15 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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