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People: Issue Issue 24 19 Oct 2011

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People, All of UK

Sugden lasts less than a week as Mouchel chairman

Mouchel’s interim chairman David Sugden has resigned from the board less than a week after his appointment. His resignation follows further discussions between the board and the company’s lenders over the best way to secure Mouchel’s future, following a profits warning which led to the departure of chief executive Richard Cuthbert and chairman Bo Lerenius.

Sir Michael Lyons, senior independent director, is leading the search for a new external chairman and will chair the...

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