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18 Jan 2021 | 08:20

Andrews Sykes MD takes leave for ill health

(Sharecast News) - Andrews Sykes Group said on Monday that managing director Paul Wood would be taking a leave of absence due to ill health, with immediate effect. The AIM-traded company said it had appointed Carl Webb, the managing director of its UK businesses, as interim managing director.

During Wood's absence, Webb would assume his day to day responsibilities, supported by the Andrews Sykes senior management team, and ensure the continuity of its established strategy.

The board said a further update would be made in due course.

"The board and all his colleagues wish Paul a speedy and full recovery and look forward to welcoming him back to the business," said vice-chairman Jean-Jacques Murray.

"The group is strong and the board has every confidence in the strength of the senior management team under the direction of Carl Webb."

At 0801 GMT, shares in Andrews Sykes Group were up 6.62% at 658.35p.

The AIM-traded company said it had appointed Carl Webb, the managing director of its UK businesses, as interim managing director.

During Wood's absence, Webb would assume his day to day responsibilities, supported by the Andrews Sykes senior management team, and ensure the continuity of its established strategy.

The board said a further update would be made in due course.

"The board and all his colleagues wish Paul a speedy and full recovery and look forward to welcoming him back to the business," said vice-chairman Jean-Jacques Murray.

"The group is strong and the board has every confidence in the strength of the senior management team under the direction of Carl Webb."

At 0801 GMT, shares in Andrews Sykes Group were up 6.62% at 658.35p.
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