G4S frontman Nick Buckles steps down - UPDATE

After just three weeks on the job, G4S Chief Financial Officer (CFO) Ashley Almanza has already been promoted to the Chief Executive Officer (CEO) position, replacing Nick Buckles who announced his decision to retire on Tuesday.

After just three weeks on the job, G4S Chief Financial Officer (CFO) Ashley Almanza has already been promoted to the Chief Executive Officer (CEO) position, replacing Nick Buckles who announced his decision to retire on Tuesday.

The security firm's reputation has been under pressure over the past year since the company admitted that it did not have enough resources to deliver on its Olympics security contract last summer.

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