Paul Tebbutt has stepped down as chief executive and director of Millfield with immediate effect, the IFA firm has announced.
In a statement to the stock exchange, issued after trading had ceased yesterday, the board informed the market of the resignation of Tebbutt and the appointment of Alan Easter, the company’s sale’s and marketing director, as his successor. The board also revealed it is continuing its discussions with “various parties” with a view to a possible sale of the firm and is currently preparing an enhanced business strategy with a view to raising new capital from shareholders. Meanwhile, it states it is still in communication with the Financial Services Authority over how to eliminate its capita...
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