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.
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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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