Homeserve CFO moves up to clean house

Homeserve's current Chief Financial Officer, Martin Bennett, is being promoted to become Chief Operating Officer of the home repairs firm.

Bennett's move will see him take responsibility for "risk management and best practice" as the firm looks to move on from an awkward mis-selling scandal.

The company suspended its telesales operation in the UK back in October as it reviewed the techniques staff were using to get people to sign up for emergency insurance cover.

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Since the scandal broke, the stock has dropped around 40%.

Following Bennett's move, David Bower, the current Finance Director will become interim CFO until a full replacement is recruited.

Homeserve shares were down 0.45% by 8:55am.

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