Contractor Amey said this morning that chief executive Brian Staples will leave the company at the end of February.
After a series of profits warnings and accounting problems, Amey has lost more than 90% of its value in the past year.
In a statement to the stock market this morning, Amey said Staples would leave “upon completion of certain specific projects”.
That is understood to include the sale of Amey’s equity stakes in various private finance initiative schemes to Laing Investments.
According to Amey’s accounts, Staples, 56, is due more than £1.1m in pay, pension entitlements and deferred bonuses.
EGi News 02/01/03
