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Fuse 8

  • BY: Andrew Hore |
  • POSTED: 03/10/2011 |

Fuse 8’s chief executive has finally left the business.

Nigel Hunter had offered his resignation on 26 August but it was refused but he was eventually suspended at the beginning of September. He failed to supply the non-executive directors of the Leeds-based digital marketing consultancy with financial information they requested and other issues were discovered.

Fuse 8 chairman Mark Walton will take on the chief executive responsibilities for the company.

At 13p a share, Fuse 8 is valued at £1.64m.

The board is considering cancelling the Aim quotation or selling the operating business and turning Fuse 8 into a shell.

Fuse 8 reported a pre-exceptional profit of £667,000 was reported in the year to March 2011 and the company had net cash at the time.

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