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
Sign up for MoneyWeek's newsletters
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.
-
Santander to close 95 branches across the UK putting 750 jobs at risk – full list of affected locations
Santander will cut its network to just 349 in the latest blow to high street banking. We look at a full list of 95 bank branches affected by today’s announcement.
By Daniel Hilton Published
-
Live: Bank of England expected to hold UK interest rates tomorrow
Experts are confident that UK interest rates will be held at 4.5% when the Bank of England announces its decision tomorrow
By Katie Williams Last updated