Morses Finance Chief Andrew Hayward Steps Down With Immediate Effect

Tue, 17th Mar 2020 12:45

(Alliance News) - Doorstep lender Morses Club PLC on Tuesday said Chief Financial Officer Andrew Hayward has left with immediate effect.

Morses did not say why Hayward has departed. Non-Executive Director Andy Thomson will take on the CFO role on an interim basis while the company looks for a successor.

Last week, Yorkshire-based Morses warned profit for the 53 weeks to February 29 would miss expectations, with losses in the Digital unit higher than forecast.

Shares were down 19% on Tuesday shortly after midday in London at 37.45 pence each.

By George Collard; georgecollard@alliancenews.com

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