Interserve names new chief financial officer

In a statement, Interserve said Whiteling was previously deputy and interim chief executive and chief financial officer at Premier Farnell PLC prior to its take-over by Avnet, and has been finance director of Communisis PLC and group finance director of Tibbett and Britten.

News of Mr Whiteling's appointment is likely to give investors more confidence in the future of the company after a disastrous few days.

Whiteling, also a former deputy and interim CEO at Premier Farnell prior to its takeover by US -based tech firm Avnet, is a non-executive director at Hogg Robinson Group.

The construction and services company said last week "complexities of completion" meant final costs associated with its exit from the waste-to-energy business would exceed a previous 160 million pound provision. "His personal style and breadth of his experience will bring great value to the Group".

It also said progress was continuing on its troubled energy-from-waste contracts, but due to "anticipated timing and complexities of completion" that the final costs of settling the contracts will "significantly exceed the £160m now provided".

Following the trading update, shares in the company fell by around 50 per cent.

The appointment is the latest by Interserve new chief executive Debbie White, who only took over as Interserve's boss on September 1.

Like this


18 September 2017
Shots fired after OH man chases daughter in clown mask
Vernon Barrett Jr. wore a clown mask and chased his six-year-old daughter around the neighborhood, according to Boardman Police. Santiago reportedly fired a single shot as a warning to stop Barrett and force him to comply until police arrived.

18 September 2017
San Jose Sues President Trump over DACA Rollback
Politifact noted in January that if Congress funded the authorization given by the law, Trump could start building a border wall. It was announced that DACA will end in six months to give Congress time to find a legislative solution for these immigrants.

18 September 2017
Yesudas seeks consent to enter Padmanabhaswamy Temple
Often foreigners do enter the temple by furnishing an affidavit saying they believe in Hindu religion. But his favourite disciple Yesudas was not allowed to enter the temple, saying he was a Christian.

18 September 2017
Hamilton as right as rain
This rapid removal of the GP of Singapore is a blow to Vettethe, second three points in the drivers ' standings by Hamilton.

18 September 2017
Ben Affleck joins girlfriend Lindsay Shookus at the Emmys
Another source told People that Affleck and Shookus have known each other for years. "It's early and they are taking it slow". Several delightful faces were spotted in the audience during Sunday's Primetime Emmys telecast: There was the great Oprah.

18 September 2017
Delhi: 4 fake IT officers 'raid' businessman house, 3 held
The "sleuths" seized Rs 20 lakh from the house and were on their way out when they saw a CCTV camera and panicked. Hearing their cries for help, a few neighbours broke into the house and started questioning the officers.

18 September 2017
I'm Glad Boris Has Reintroduced A Pure Brexit Voice To The Cabinet
Mrs May's de facto deputy Damian Green said Mr Johnson would not be sacked over his intervention. Foreign secretary sets out his vision of Britain after Brexit .

18 September 2017
Gmail for Android update gives you Google Account settings access
He claims that he is shocked that Google has not sent him any notification regarding the same before deleting the backup. The miffed Redittor revealed that he had parted ways with his Nexus 6P to switch to a new iPhone.

18 September 2017
Ryan International School reopens for first time since student's murder
The doctor, who conducted the post-mortem of the deceased student, said that there were no signs of sexual assault on his body. Fear was palpable among students and their parents as they came out in large numbers to drop their children off at the school.

18 September 2017
Activision Blizzard, Inc. (ATVI)'s Wedge Up Points to Lower Stock Risks
Finally, Steinberg Global Asset Management boosted its stake in shares of Activision Blizzard by 0.4% during the first quarter. FSB MO now owns 12,157 shares of the company's stock worth $606,000 after buying an additional 90 shares during the period.