| SThree appoints CFO |
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| Thursday, 03 April 2008 | |
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SThree, the international specialist staffing business, has appointed Alex Smith as chief financial officer with effect from 7 May 2008.
Smith, 42, is an experienced finance director, having held a variety of senior financial and operational roles in the leisure and retail sectors. Most recently he held the position of integration finance director at TUI Travel PLC, the company formed through the merger of First Choice Holidays plc and the tourism businesses of TUI AG. Before this he was finance director of First Choice’s Mainstream Sector, a leisure travel business with annual turnover of £1.4 billion. Earlier experience included three years with W. H. Smith, latterly as managing director of its £300 million turnover travel retail business and financial roles at Travelodge and Forte. He is a chartered accountant. In the meantime, David Tilston, interim CFO, will remain with the group to assist in an orderly handover of responsibilities. Tilston was made interim CFO after SThree's CFO Michael Nelson resigned in December 2007. Sir Anthony Cleaver, chairman of SThree (LSE:STHR) said, “Alex comes to SThree with a strong track record that combines experience in both finance and operational roles which will be of great value to the group as we continue to implement our growth strategy.” SThree, founded in 1986, provides both permanent and contract specialist staffing services in the UK and Europe, primarily in the ICT sector with an increasing presence in the banking and finance, accountancy, human resources, engineering, pharmaceuticals, energy and job board sectors. SThree currently operates under twelve brands, the four largest being Computer Futures, Huxley Associates, Progressive and Pathway. The group has a total of forty nine offices - 33 offices in the UK, 15 offices in other parts of Europe and one office in the US in New York. SThree (LSE:STHR) shares began trading on the London Stock Exchange on 16 November 2005. In 2007, SThree launched a US Level 1 ADR facility (SERTY). Related articles Related links |
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As the economy hits the most significant downward cycle in 50 years, finance directors must take stock of their companies' remuneration and compensation packages.