Norman Broadbent PLC (LON:NBB) announced that its group chief financial officer, Will Gerrand has advised the board that he plans to leave the recruitment company in the near future and pursue other business interests.
In a statement, the AIM-listed firm said Gerrand’s decision follows the recent group’s positive trading update which saw a return to full-year profit for 2019 on the back of increased revenues and growth at net fee income level.
READ: Norman Broadbent returns to full-year profitability as turnaround continues
It added that a process is underway to find a successor and to ensure a smooth handover and a further announcement on this will be made in due course.
Mike Brennan, the firm’s group chief executive said "Will has been an excellent CFO and colleague during a crucial phase in our history as we returned Norman Broadbent to profitability and became cash generating. Will leaves with the appreciation and best wishes of the Board and colleagues."
The group is scheduled to release its 2019 full-year results in early April.