TMCnet - World's Largest Communications and Technology Community

TMCNet:  Pawnbroker Albemarle & Bond sheds four more board members

[December 03, 2013]

Pawnbroker Albemarle & Bond sheds four more board members

(City A.M. (UK) Via Acquire Media NewsEdge) ALBEMARLE & Bond has now seen its board of directors halve in two months after four more directors stood down yesterday.

Albemarle issued a profit warning last week saying that market expectations for its financial year are too optimistic, due in part to the company's failure to publish its 2013 annual report because of current uncertainties around the business.

Departing non-executive directors Robin Ashton, Tracey Graham, Sterling Brinkley and Tom Roberts will join John Farrell who left the board in October, leaving just three executives and two nonexecutive directors on the board. "I would like to thank Robin, Tracey, Sterling and Tom for their significant and much appreciated contribution to our board," said Albemarle & Bond chairman Greville Nicholls.

Brinkley, Roberts and Farrell were all representatives of EZCORP, the firm's largest shareholder with a 30 per cent stake, on the board City A.M. understands that the company has not yet decided to replace the departing members.

(c) 2013 City A.M.

[ Back To Technology News's Homepage ]


Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2014 Technology Marketing Corporation. All rights reserved.