Charles Taylor FD steps down

Insurance consultancy firm Charles Taylor announced that finance director George Fitzsimons will be stepping down from the board after seven years with the company.

Fitzsimons will remain with the company for the time being to ensure an orderly handover, Charles Taylor explained.

The board has started a formal search process for a replacement and a further announcement will be made in due course regarding the timing of his departure, the group added.

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In January Charles Taylor issued a profit warning but since then, chairman Rupert Robson believes that chief executive David Marock's strategy, who joined in July 2011, is already delivering results.

Robson commented, "Whilst George Fitzsimons will remain with the Company for the time being, the whole Board wishes to take this opportunity to thank George for his contribution."

CJ