LONDON (Alliance News) - Patisserie Holdings PLC on Monday said that Non-Executive Director James Horler resigned from the company's board with immediate effect.
Horler decided to leave the bakery's board to focus on his role of chief executive officer for another unnamed business.
The company has been struggling since potentially fraudulent accounting irregularities were reported in October, including a GBP20 million black hole in its accounts.
Since then, chief financial officer Chris Marsh was arrested and the released on bail. He resigned from his role at the company shortly after.
Furthermore, in November, Patisserie's chief executive officer Paul May also resigned.
Trading in the AIM stock was suspended in October after the company revealed irregularities, and currently remains suspended.