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Crossrider appoints its financial controller as new acting CFO

Published: 08:26 19 Aug 2016 BST

chairs around a meeting table
Laufer is taking over from Mark Carlisle, who handed in his resignation in May

Advertising specialist Crossrider Plc (LON:CROS) has appointed its group financial controller Moran Laufer as acting chief financial officer following the departure of Mark Carlisle.

Carlisle tendered his resignation at the end of May in order to join another company.

The AIM-listed firm has said that Laufer has completed a handing over process from Carlisle and expects its new acting CFO to join the board in due course.

“[Moran] has been an integral part of the finance and commercial team for the past four years and we think this is the natural next step for him and the group,” said chief executive Ido Erlichman.

Laufer was part of the finance team that supported Crossrider’s admission to AIM back in September 2014.

House broker Shore Capital has called Laufer a “natural fit”, adding that his knowledge of the company’s finances should stand him in good stead.

Shares have halved in what has been a difficult year for the company, after it issued several warnings to investors that revenue and underlying profits would be below expectations in 2016.

Shares were down 1p, or 3.5%, to 27p.

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