Management Consulting Group's Finance director steps down

17th Nov 2016 10:25

(ShareCast News) - Management Consulting Group announced that its Group Finance Director Chris Povey has decided to step down.Povey has agreed to remain within the group until a replacement is found but will be removed from the board with immediate effect.Chief executive Nick Stagg said: "As Group Finance Director, he has been instrumental in helping to deliver significant change over the last few years culminating in the sale of Kurt Salmon. The Group is now focused on a single brand, Alexander Proudfoot, and our strategy is to develop this into a profitable and valuable business. Chris is a valued colleague and we wish him well for the future."The share price rose 1.14% to 19.47p at 1438 GMT on Thursday