logo
Plus   Neg
Share
Email

Bunzl Appoints Inchcape's Richard Howes As CFO - Quick Facts

Distribution and outsourcing Group Bunzl plc (BZLFY.PK,BNZL.L) announced Friday the appointment of Richard Howes as Chief Financial Officer succeeding Brian May, who is retiring from the company.

Howes will join Bunzl on September 1, initially as Chief Financial Officer designate before joining the Board and assuming the role of Chief Financial Officer on January 1, 2020.

Howes is currently the Chief Financial Officer of Inchcape plc (INCH.L), a multi-brand automotive distributor and retailer. In its statement, Inchcape said Howes will leave the company on August 31, and that the Board has begun a process to find a replacement.

Bunzl noted that May is retiring from the company after more than 13 years in the role of Group Finance Director and 25 years with the firm. May will step down from the Board on December 31, 2019 and leave the Group on February 28, 2020.

Prior to joining Inchcape, Howes was Chief Financial Officer of Coats Group plc. Initially, he was with Ernst & Young.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon Inc. is leading a new $575 million investment in British food delivery company Deliveroo, intensifying the e-commerce giant's competition with rival Uber and its Uber Eats service. Deliveroo noted that Amazon is set to be the largest investor in the Series G preferred shared funding round. With the latest funding round, Deliveroo has raised $1.53 billion. While reporting financial results for the first quarter on Friday, Deere & Co. (DE) slashed its earnings and revenue growth guidance for the full-year 2019. The company said the lower forecast is partly a result of actions taken by it to prudently manage field inventories, which will cause production... European Union regulators on Thursday fined five global banks a total of 1.07 billion euros, or $1.2 billion, for participating in foreign exchange spot trading cartels and manipulating the foreign-exchange currency market. The five banks are Barclays, Royal Bank of Scotland, Citigroup, JPMorgan Chase and Japan's MUFG Bank, formerly known as Bank of Tokyo-Mitsubishi.
Follow RTT