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Bloomsbury Publishing seeking new group finance director, with Wendy Pallot to join Euromoney

The AIM-listed firm said Pallot will remain in her post at the Harry Potter books publisher for the duration of her 12-month notice period “to ensure a smooth and orderly handover”

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Bloomsbury added that the board has begun a search for Pallot's successor and an announcement about a new group finance director will be made when one is appointed

Bloomsbury Publishing PLC (LON:BMY) is looking for a new group finance director following news that Wendy Pallot has informed the board of her intention to resign from the position to join FTSE 250-listed Euromoney Institutional Investor PLC (LON:ERM).

The AIM-listed firm said Pallot will remain in her post at the Harry Potter books publisher for the duration of her 12-month notice period “to ensure a smooth and orderly handover”.

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The group added that the board has begun a search for Pallot's successor and an announcement about a new group finance director will be made when one is appointed.

Sir Richard Lambert, Bloomsbury's chairman, said: "On behalf of myself, the Chief Executive Nigel Newton, the Board and all of our employees, I would like to thank Wendy for her tremendous contribution to Bloomsbury during her excellent seven year tenure. We wish her all the very best in the future."

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At Euromoney, Pallot will replace Colin Jones, the financial publishing and events group’s financial director whose intention to retire by the summer of 2018 has previously been announced.

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