SDL chief leaves to "pursue other interests"
The Chief Executive Officer (CEO) of translation and communications software group SDL is leaving the company with immediate effect to "pursue other business interests".
The Chief Executive Officer (CEO) of translation and communications software group SDL is leaving the company with immediate effect to "pursue other business interests".
John Hunter, only stepped up from being Chief Financial Officer in February 2011. Mark Lancaster, currently Chairman of SDL will assume the role of CEO, while the company looks for a replacement.
His sudden departure follows a disappointing third quarter trading update on October 15th, which showed that the slowdown in technology revenue growth continued into the third quarter.
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
At the time, it led Investec to reducing its 2012 and 2013 pre-tax profit forecasts by 4% and 5%, respectively.
Consensus estimates for the current year, ending December 31st are for pre-tax profits of £40.26m on turnover of £268.2m.
CM
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How does the Lifetime ISA work? Key LISA rules
What is a Lifetime ISA (LISA) and how much could the government bonus boost your savings by? We look at the perks and the pitfalls.
-
AJ Bell: a fine British fintech going cheap
Opinion Don’t overlook investment platform AJ Bell, a significantly undervalued British business with an excellent financial base