Source - Alliance News

Tandem Group PLC - Solihull, England-based sports product distributor - Shares slump as company announces that its Chief Executive Officer Jim Shears will leave on May 6. Shears joined company as group financial controller in 2002. He became finance director in June 2010 and chief executive officer in August 2020.

Non-Executive Chair Stephen Grant will assume an interim executive role, the firm adds. ‘The board has commenced a process to identify and appoint a new chief executive officer and will provide further updates in due course,’ Tandem explains.

Current stock price: 353.00 pence, down 12% in London

12-month change: down 47%

Copyright 2022 Alliance News Limited. All Rights Reserved.

Copyright 2022 Alliance News Limited. All Rights Reserved.

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