26 Nov 2015 14:42
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Don't have an account? Click here to register.Quindell shares pop higher as new CEO is appointed
Mon, 17th Aug 2015 09:45
(ShareCast News) - Beleaguered insurance technology company Quindell has appointed Indro Mukerjee as its new chief executive with effect from 7 September.Mukerjee replaces Robert Fielding, who left Quindell in May, and the new appointment comes as the company is being investigated by the Serious Fraud Office and the Financial Conduct Authority over its accounting policies.Non-executive chairman, Richard Rose, said: "We are delighted to have recruited Indro, who was the outstanding candidate for the role in terms of his experience, his personality and his leadership skills."He has a proven track record of creating value through developing and implementing strategies based on matching compelling value propositions to growing markets. His experience includes roles in complex environments, often involving fast moving technologies. We are excited to welcome him to the company."Mukerjee, who previously worked for Philips Semiconductors BV and VideoLogic Limited, said: "I'm of course aware of the challenges the company has been facing and respect the chairman, board and rest of the team for the way that they have been identifying the issues of the past, and dealing with them resolutely and rapidly."My immediate priority will be to identify how to drive the development of both to serve our customers and create value for our shareholders."At 0953 BST, Quindell shares were up 1.8% at 94.66p.
More News
19 Nov 2015 16:22
9 Nov 2015 14:29
Quindell confirms capital return plans and Watchstone rebrand
(ShareCast News) - Insurance technology group Quindell outlined its capital return plans on Monday and said it was seeking shareholder approval to rebrand itself as Watchstone Group. The company, which is currently being investigated by the Serious Fraud Office (SFO) over its accounting policies, sa
Read more4 Nov 2015 12:53
Quindell completes Canadian physiotherapy purchase
(ShareCast News) - Quindell has completed the acquisition of Canadian physiotherapy and rehabilitation services provider PT Healthcare Solutions, in exchange for new shares. Small cap favourite Quindell, which recently confirmed it intended to pay a 90p-per-share special dividend in December, bought
Read more2 Nov 2015 11:40
Quindell plans to return GBP415m to shareholders
(ShareCast News) - Beleaguered insurance technology group Quindell announced plans to return £415m to shareholders in December following the sale of its professional services division, subject to court approval. The company, which is currently being investigated by the Serious Fraud Office over its
Read more30 Sep 2015 08:10
Beleaguered Quindell posts drop in interim revenues
(ShareCast News) - Beleaguered insurance technology company Quindell, which is being investigated by the Serious Fraud Office over its accounting policies, posted a drop in revenue and a pre-tax loss for the first half of the year. For the six months ended 30 June, the pre-tax loss came in at £35.46
Read more9 Sep 2015 09:19
Quindell buys remaining stake in PT Healthcare Solutions
(ShareCast News) - Beleaguered insurance technology company Quindell has agreed to buy the remaining 50.1% stake that it does not already own in Canada's PT Healthcare Solutions. Under the terms of the deal, which is expected to complete in mid-October, Quindell will issue 9.47m ordinary shares of 1
Read more