LONDON (Alliance News) - Braveheart Investment Group PLC Monday said that Chief Financial Officer Aileen Brown has stepped down in the wake of a review of its management and costs.
In a statement, Braveheart said its review had identified "a number of synergies and cost savings which will enable it to reduce ongoing operating costs by combining certain functions".
Brown's responsibilities will be taken up by financial controller Jennifer Kennedy and company accountant Kevin Brown, two non-board members of the accounts team.
Geoffrey Thomson, the company's chief executive, will take "overall responsibility for oversight of the accounting function".
Brown will also take on the role of company secretary.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Braveheart Inv (BRH)