| Jackson exits at Claimar Care Group |
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| Written by Adrie van der Luijt | |
| Friday, 09 May 2008 | |
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David Jackson has resigned from the board of Claimar Care Group as group finance director and company secretary.
Claimar Care Group plc (LSE:CCGP) provides domiciliary, high dependency and acquired illness care services to local authorities, Primary Care Trusts and the NHS. The group said that Jackson had left “by mutual agreement” on 8 May 2008. Jackson joined the company as group finance director in August 2007, bringing with him extensive knowledge of the social care market place developed since 2001. He is a Chartered Accountant with a strong commercial and financial background. Jackson was previously finance director of Supporta plc during a period of substantial growth for the company, in particular for its care division. Prior to that he was operational finance director for the personnel division of Nestor Healthcare Group plc during a period of rapid acquisition activity and responsible for trading entities with turnover in excess of £250m. Jackson also held a number of senior finance roles at National Grid plc, Allied Domecq plc and Diageo plc. Claimar Care said it had started looking for a successor and expects to announce the appointment by the time of the release of its 2007/08 Half-Year Results in June. In the meantime the company has established interim financial management arrangements to manage the company's financial reporting and controls. Claimar Care will publish its interim results, in respect of the 6 months ended 31 March 2008, on Monday 30 June 2008. It said in a trading update on Friday that the board anticipates that the interim results will represent a substantial improvement over those of the previous year. It added that the performance for the year ending 30 September 2008 would be broadly in line with current market expectations. Claimar Care saw its share price drop by more than 25 per cent on the news of Jackson's departure, down 20p to 57.5p. In May last year, the shares were still worth 166.5p, but fell steadily since despite strong organic growth and positive updates. The company has experienced difficulties with local authority budget cuts and additional costs as a result of the working time directive, but said at the end of last year that it saw no logical reason for its falling share price. Related links |
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