logo
Share SHARE
FONT-SIZE Plus   Neg

SThree Says Gary Elden Will Succeed Russell Clements As CEO - Quick Facts

Sthree Plc (STHR.L) announced that Russell Clements, chief executive officer, or CEO, is to retire from the Board at the conclusion of its next Annual General Meeting in April 2013 after more than twenty six years with the Group.

Clements will be succeeded as CEO by Gary Elden, currently SThree Group chief strategy officer. Clements will effect a progressive transition of his responsibilities to Elden over the next eleven months to ensure an orderly handover.

Elden joined SThree board in 2008 and has over twenty two years' service with the Group. He is appointed as deputy CEO with immediate effect.

According to Sthree, Clements' retirement is part of a managed succession process, which will also see the appointment to the Group Board of Steve Quinn, currently Group managing director Benelux & Middle East, who will join the Board as chief operating officer, and Justin Hughes, who will retain his responsibilities as Group managing director Asia Pacific in a new Board-level role, reflecting the strategic significance of this region. Both appointments will be made with effect from June 1, 2012.

The company further stated that it continues to trade in line with expectations.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Oil company Exxon Mobil Corp. on Friday reported a 59 percent fall in profit for the second quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results of both companies were impacted by the low crude oil and natural gas prices as well as weaker refining margins. Merck & Co Inc. (MRK) reported a second-quarter profit that climbed 75 percent from last year, while quarter sales rose 1 percent. The prior year result included foreign exchange losses of $715 million related to the devaluation of the company's net monetary assets in Venezuela. The company raised the bottom end of its full-year 2016 non-GAAP earnings per share outlook. Xerox (XRX) reported second-quarter adjusted EPS of $0.30, a 7 cent increase over the same period last year driven by a lower tax rate, fewer shares, and higher operating profits. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.25 for the quarter....
comments powered by Disqus
Follow RTT