February 25, 2020 / 7:27 AM / a month ago

SIG shakes up top management after January profit warning

Feb 25 (Reuters) - SIG Plc said on Tuesday Chief Executive Officer Meinie Oldersma and finance head Nick Maddock will step down, a month after the building materials supplier sounded a profit alarm due to weakness in its European construction markets.

The UK-listed company named Steve Francis as CEO until the end of this year, while Kath Kearney-Croft was appointed as interim CFO. (Reporting by Muvija M in Bengaluru; Editing by Sriraj Kalluvila)

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