Mouchel chief exec quits

Accounting error prompts profit warning & resignation of leader

06-Oct-11 Mouchel’s chief executive, Richard Cuthbert, has announced his resignation. His departure coincides with an expensive accounting error. Until a new chief executive can be appointed, Bo Lerenius will act as executive chairman for the group. Issuing an unexpected trading update, Mouchel stated that “a significant one-off profit on one of its long-term contracts”, which had been expected to compensate for lower overall...

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