London Capital Group CEO resigns

18th Jul 2013 11:29

The Chief Executive of London Capital Group has resigned just six months into the job.The online spread betting company said Mark Slade, who only took the reins in February, was leaving for personal reasons. He has been replaced by Kevin Ashby who recently joined the company as Chief Commercial officer. Chairman Giles Vardey said: "The board is sorry that Mark has made this personal choice but we all respect the reason for his decision."London Capital also said it had appointed John Jones as Chief Operating Officer. It follows the departure last month of former COO Rachel Woodford. Shares in London Capital were down 3% at 121.25p at 11.43 on Thursday. TB