{"id":3408,"date":"2019-02-26T11:02:29","date_gmt":"2019-02-26T11:02:29","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=3408"},"modified":"2019-02-26T11:02:29","modified_gmt":"2019-02-26T11:02:29","slug":"wyg-financial-director-makes-sudden-exit","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/wyg-financial-director-makes-sudden-exit\/","title":{"rendered":"WYG financial director makes sudden exit"},"content":{"rendered":"

Consultant\u00a0WYG this morning announced that chief financial\u00a0officer Iain Clarkson had left with immediate effect.<\/span><\/p>\n

His departure follows a profit warning two weeks ago which saw the consultant’s shares slump 40%.<\/p>\n

WYG blamed economic uncertainty leading to delays and deferrals across the public and private sectors in the UK.<\/p>\n

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The hold-ups meant WYG would breach its banking covenants and prompted the firm to open discussions with its lending bank with a view to securing a deferral or waiver of the relevant covenant tests.<\/p>\n

Clarkson joined WYG as chief financial officer in June 2016. Prior to that he was at AMEC Foster Wheeler for four years.<\/p>\n

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In a brief statement, this morning the firm said: “The board, acting through the nominations\u00a0committee, will now take steps to identify a new CFO, pending which senior managers within the group finance team will report to the board through the CEO, Douglas McCormick.”<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/2tDcBOQ<\/p>\n","protected":false},"excerpt":{"rendered":"

Consultant\u00a0WYG this morning announced that chief financial\u00a0officer Iain Clarkson had left with immediate effect. His departure follows a profit warning two weeks ago which saw the consultant’s shares slump 40%. WYG blamed economic uncertainty leading to delays and deferrals across the public and private sectors in the UK. The hold-ups meant WYG would breach its […]<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-3408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=3408"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3408\/revisions"}],"predecessor-version":[{"id":3409,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3408\/revisions\/3409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=3408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=3408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=3408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}