LBG Media finance chief permanently steps down

(Sharecast News) - Online content publisher LBG Media confirmed on Thursday that chief financial officer Richard Jarvis has stepped down and left the business with immediate effect. The AIM-traded firm said Jarvis had previously taken time away from the company for personal reasons, as it announced on 22 January.

Executive chair Dave Wilson, who took on his role last month with a focus on supporting the finance and legal teams, would continue to oversee financial operations while the company searched for a new CFO.

The board said Wilson already had extensive financial and legal experience, having spent 14 years in senior roles at GB Group.

LBG said it had initiated the process to appoint a new CFO, and would provide updates in due course.

"I would like to thank Richard for his commitment and support," said group chief executive officer Solly Solomou.

"Richard has led important initiatives to build the finance and legal functions that will support our long-term growth ambitions and I wish him well for the future."

At 1531 GMT, shares in LBG Media were down 7.83% at 106p.

Reporting by Josh White for Sharecast.com.