25th Apr 2018 11:51
LONDON (Alliance News) - Sutton Harbour Holdings PLC said Wednesday Chief Executive Jason Schofield has resigned from his position, although he will stay until July to help with the handover.
Philip Beinhaker, who joined as non-executive chairman in January, will become executive chairman with immediate effect. Schofield has headed up the marine and waterfront regeneration specialist for seven years.
Sutton Harbour said Beinhaker joined the firm following the successful purchase of a 70% stake in it by FB Investors LLP, which was first agreed in November.
FB Investors acquired 67.4 million shares in Sutton Harbour at a price of 29.50 pence per share, valuing the entire company at around GBP28.4 million and the stake being taken at around GBP19.9 million.
Sutton Harbour also said Wednesday has started a review of its composition and structure, which may or may not, it added, lead to a further appointment.
Shares were up 1.9% on Wednesday at 27.00 pence each.
Related Shares:
Sutton Harbour Holdings