Hornby interim chairman David Adams prepares to leave the business after four months, while Jim Pettigrew will depart Crest Nicholson and focus on his financial services board roles.
Hornby's interim chairman David Adams is to step down imminently from the role he has held since June. Adams had served as Hornby’s senior independent director since 2014. Martin George, senior independent director, said: "On behalf of the board I would like to thank David for his skill and expertise in guiding the business through a period of significant change and for his invaluable contribution to Hornby over the last four years."
In the stock exchange update, new CEO Lyndon Davies said that with Hornby’s performance below expectations, and a new approach to discounting stock, revenue will be lower and have a “materi
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Volkswagen remains mired in scandal over its governance arrangements. Germany's governance has failed to provide an independent board and for many shareholders the only hope of change is if the automaker fails to pay a dividend.