Totally announced Friday the resignation of Chief Executive Officer Clare Wexler.
Wexler, who has been at the helm of the digital services company since last May, is stepping down with immediate effect for personal reasons.
Wendy Lawrence, the Managing Director of subsidiary Totally Health, will be acting as Chief Executive as the company searches for a replacement.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Lawrence previously worked for BUPA Health Dialog and has run her own company, working closely with NHS and Social Care organisations across England, Wales and Scotland.
Her NHS career spans 23 years during which time she was Chief Executive of three large Primary Care Trusts with a combined budget of £460m.
Totally delivers publishing and internet and communications services to businesses and the healthcare sector.
Shares plunged 11.29% to 1.38p at 11:29 Friday.
RD
-
Why CEOs deserve a pay riseOpinion The CEOs of big companies often come under fire for being grossly overpaid. But the truth, as per some economists, is the opposite. Do they merit a pay rise?
-
Europe prepares to stand alone as Trump turns on UkraineSupport for old military alliances is wavering in the US under Donald Trump. Europe’s leaders are rushing to fill the void. Simon Wilson reports
