25th Apr 2016 07:04
LONDON (Alliance News) - Snoozebox Holdings PLC Monday said its Chief Executive Officer Lorcan O Murchu has resigned from the board with immediate effect, and current Non-Executive Chairman Chris Errington will become executive chairman on a part time basis.
O Murchu will remain available to asset the company and facilitate a handover of his duties for a period of six months, Snoozebox said.
The company, which provides portable accommodation, said that prior to receiving O Murchu's resignation it had begun a comprehensive review of its business which is nearing completion. It expects to publish the initial findings of this review shortly.
Snoozebox shares were down 20% to 1.3 pence early Monday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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