(Alliance News) - Tricorn Group PLC on Tuesday said Phil Lee will resign as finance director of the pipe and tubing assemblies manufacturing company, with effect from the end of July, to take a position somewhere else.
Tricorn said it has started a formal recruitment process for a new finance director and a further announcement regarding the details and timings of a successor will be made in due course.
"On behalf of the board, I would like to thank Phil for his service to the board and to the company over the last 11 years. We wish him all the best in the future," said Chair Andrew Moss.
AIM-listed Tricorn shares closed 14% lower in London on Tuesday at 9.00 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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