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De La Rue PLC - Basingstoke, England-based security printed products maker - Hires Charles Andrews as interim chief financial officer, with effect from April 11. This follows the resignation of Rob Harding in January, who left to become CFO at payment services provider PayPoint PLC. Most recently, Andrews was senior vice president Airframe at aerospace firm Meggitt PLC, and has held senior finance roles at Ingram Micro Inc and GSK PLC.
The stock has come under pressure in recent months, as a major shareholder, Crystal Amber Fund Ltd, has called for the removal of Chair Kevin Loosemore and publicly cited various failings of the company.
Chief Executive Officer Clive Vacher says: ‘We are delighted that Charles will be joining De La Rue as interim chief financial officer. His wide-ranging experience with a proven ability to lead change and transformation at an executive level will be invaluable us as we continue to hone and refine the group.’
Current stock price: 51.39 pence each, up 8.2% on Thursday morning in London
12-month change: down 51%
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