Profit warning sees Safestyle chairman depart; Citi is open to merging chairman/CEO position; and Hurricane Energy prepares for oil with industry veteran.
Safestyle Windows and doors business Safestyle has seen the departure of its chairman, after issuing a profit warning. Steven Halbert has stepped down, having helped steer the business through its IPO in 2013. Current non-executive director Peter Richardson has taken on the role. Halbert joined the board in 2016 after serving as a director with Dyson. Safestyle said revenues and underlying profit would be “significantly below market expectations” as the group struggled to deal with an “aggressive” new competitor into the market. It has cancelled its 7.5p dividend per share. CitiGroup Chairman Mike O’Neill (pictured), who is stepping down in a year's time, has said the option is open for CEO Mike Corbat to add the chair to