Matthew Hudson has stepped down as chief executive of beleaguered asset manager MJ Hudson Group PLC (AIM:MJH) after a disastrous three years since its 2019 listing on AIM.
In a brief statement, the company said Hudson had tendered his resignation with immediate effect.
Hudson had been in charge since the group was founded in 2010 when it developed from a specialist legal firm into a sustainability consultant, but decided to step down following the events of recent months, said the statement.
MJ Hudson shares were suspended in December after the board said it became "aware of…issues, including in relation to the reporting of historical trading of the business in relation to [fiscal year] 2022, the full impact of which is unclear".
Auditor EY resigned on Monday less than eighteen months after it was appointed, citing a loss of confidence in management.
In its letter of resignation, EY said it was "ceasing to hold office because we have lost trust and confidence in the company's management and those charged with governance, and in their ability, along with your finance team, to provide us with accurate and reliable information for audit".
At that time, MJ Hudson said it had received enquiries for all parts of its business from credible buyers.
"The process will now enter a confirmatory diligence phase before the board will seek best and final offers," the group said.
Matthew Hudson remains a significant shareholder in the group, said the statement, and is still a director of two of its subsidiaries.