Chief executive out as SIG rejigs top team

By Jordan Marshall2020-02-25T13:16:00

Former Patisserie Valerie boss to take up top job

The chief executive and finance boss at embattled materials firm SIG have both left with immediate effect with some suggesting the firm would be unable to ward off a takeover.

The firm, which last month said underlying profit before tax for the year to 31 December 2019 would be around £42m, down from a potential £63m, has also moved its full year results announcement from 6 March to the second half of April.

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