LBG Media PLC (AIM:LBG) has announced that Richard Jarvis has stepped down from his role as chief financial officer with immediate effect.
On January 22 it was reported that Jarvis was taking time away from the business for personal reasons.
Dave Wilson assumed the role of executive chair on the same date and will continue to support the finance and legal teams while the search for a new CFO is underway.
"I would like to thank Richard for his commitment and support,” chief executive Solly Solomou said in a statement.
“Richard has led important initiatives to build the finance and legal functions that will support our long-term growth ambitions and I wish him well for the future."
Peel Hunt analyst Jessica Pok, in a note, said: "We believe the company will be in good hands during the transition and is well-positioned to continue its positive trading momentum."
On Wilson's role, broker Peel Hunt said: "We believe the company will be in good hands during the transition and is well-positioned to continue its positive trading momentum."
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