News blog
WH Ireland
- BY: Andrew Hore |
- POSTED: 21/05/2010 |
AIM adviser WH Ireland’s chief executive and finance director are leaving.
Richard Ford will remain as chief executive until the end of August, while Nigel Gurney will step down on 11 November. Both men say that they feel that they have turned around the business over the past two years and now is the time to move on.
They have both been buying shares in recent months. Ford bought 73,000 shares at 38.5p each in early March 2010. That took his stake to 223,000 shares.
Gurney did not own any shares until the beginning of March when he bought 5,000 at 30p each. He then bought 5,000 shares at 36p each a few days later.
At 44p a share, WH Ireland is valued at £9.27m.
Chairman Rupert Lowe says that the board is already in discussions with potential candidates for the posts. He says that there is “much still to do” at WH Ireland.
There has been a complete overhaul of the executive directors this year with Mike Frame stepping down as operations director and Richard Lee becoming a non-executive.
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