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LONDON (Alliance News) - Property firm Dukemount Capital PLC said Monday that Stuart Adam has been appointed finance head at the firm after current numbers chief Timothy Le Druillenec announced his intention to stand down.
Adam - a chartered accountant - will take up the role as chief financial officer with immediate effect, but will not be taking up a board position. He will replace Finance Director Le Druillenec who stood down from his role after the annual general meeting last Friday.
Dukemount explained Le Druillenec had "kindly offered to provide advice to the company as and when needed".
The firm also added that Adam had "extensive experience" working in finance director and CFO roles at a number of companies which will be an "important addition to Dukemount as we enter the next stage of growth."
Dukemount Executive Chair Geoffrey Dart explained he was "grateful" for the "unique set of skills and counsel" Le Druillenec "applied to the Dukemount listing and the start of the company's growth" and thanked him for his "continuing support" as they look towards working together "on one-off special projects with the company."
Shares in Dukemount were 1.2% lower at 0.30 pence on Monday.