Charles-Henri Dumon, managing director for continental Europe and the Americas at the recruitment giant Michael Page, has offloaded a big chunk of his stake in the firm.
He sold 60,000 shares at 371p a time and now has a personal holding of about 1.23m.
Dumon may be wishing he had waited a while before selling a much bigger chunk of shares earlier in the year. In May, he sold 250,000 shares at 268p a time.
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Michael Page's shares have rallied in line with a broader market recovery and the firm has begun reporting signs of stabilisation following a difficult period, if not outright recovery.
In a recent update, Page which recruits for a wide range of jobs, with salaries starting at about £16,000 a year, said: 'We are seeing early signs of stability in the United Kingdom and broader signs of stability in Asia Pacific, although at present no indications of recovery in either market.'
Dumon joined the company in 1985 and has had full responsibility for the company's French operations since 1987. He managed the firm's entry into Southern Europe and South America and was then given responsibility for operations in the US in January 2006.
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