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Management Changes

Thursday May 1, 05:09 PM
Corsie Group CEO Richard Corsie resigns

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LONDON (Thomson Financial) - Corsie Group Plc (LSE: CEG.L - news) . said its chief executive officer Richard Corsie has resigned with immediate
effect.

Earlier this week, the company said its non-executive chairman David Mathewson has resigned with immediate effect.

Richard Corsie is the third Corsie board member to resign in April. On April 16, non-executive director James Aitken, who was to replace Mathewson as chairman in May, resigned with immediate effect.

The group's shares have been suspended from trading since April 25, pending clarification of the company's financial position.

On Monday, Corsie released a statement saying it was not in a position to release its full year results, originally to be announced Tuesday, and would 'update the market as soon as practicable.'

Corsie, which specialises in the assembly and sale of products and services to the leisure market, gave no further details on Richard Corsie's resignation.

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