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RSM Tenon chairman to leave after just three months
by Alex Steger on Apr 30, 2012 at 07:52
National IFA and accountancy firm RSM Tenon chairman Adrian Martin is to step down from the role after only three months, as the troubled company announced further changes to its board.
Martin, a non-executive director at RSM Tenon since 2009, was appointed chairman in January after chairman Bob Morton and then chief executive Andy Raynor resigned after the company announced plans to restate its accounts for the previous year and issued a profit warning.
The news sent shares tumbling 27% in a day.
Michael Findlay, a non-executive director, is also stepping down from the board.
RSM Tenon said: ‘Adrian Martin, chairman, has given notice to the board and he will step down as soon as a suitable successor has been found. Having established a new management team, this is an opportune moment for a new chairman to take the company forward over the long term.’
Chris Merry, RSM Tenon chief executive said: ‘I would like to thank both Adrian and Michael for their contribution to the company, and I wish them well in their future endeavours. The process to appoint new Board members is well underway.’
Findlay is to re-join Bank of America Merrill Lynch in a senior executive role and will step down from the RSM Tenon board at the end of May.
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