The chief executive who presided over profit warnings at Interserve and a collapse in its share price has been given a payoff, triggering criticism of the board.
The market value of the construction and support services company more than halved this month when it issued its latest warning.
Despite the collapse, Adrian Ringrose, who stepped down in August, a fortnight before the warning, was treated as a “good leaver” as part of his severance terms.
