ITE Chairman bows out after 10 years
Trade exhibitions group ITE will be under new management from tomorrow.
Trade exhibitions group ITE will be under new management from tomorrow.
The current Chairman Iain Paterson steps down Friday evening after 10 years with the company.
During his time at the helm ITE shares have increased 576% in value, although the last 12 months have been difficult, with the stock falling 8.8%.
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
As previously announced, Paterson is being replaced by current non-executive director Marco Sodi.
ITE shares had fallen 0.95% by 11:18.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Is the Office for National Statistics in turmoil?
Britain’s statistics authority, the Office for National Statistics, is increasingly unfit for purpose. Why, and what can be done?
By Simon Wilson Published
-
Saba Capital and Boaz Weinstein respond to investment trusts
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
By Dan McEvoy Published