Quindell names new boss to unravel mess

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Following a revision of accounting policies, Quindell revealed a post-tax loss of £350m for 2014 earlier this month.“I’m of course aware of the challenges the company has been facing and respect the chairman, board and rest of the team for the way that they have been identifying the issues of the past, and dealing with them resolutely and rapidly,” Mukerjee said. He is expected to take up the new role on 7 September. Quindell has also announced that Peel Hunt has replaced Cenkos as its nominated adviser and broker (nomad). A nomad advises the firm on the appropriateness of an application to admission to AIM and subsequent guidance on all the index’s rules. Who is Indro Mukerjee?OXFORD-educated Mukerjee holds a masters degree in engineering science. He is also a graduate of the Wharton Advanced Management Programme and is able to speak several European languages.Mukerjee is the driving force behind launch of FlexEnable, which developed the world’s first fully flexible electronic paper display. FlexEnable technology has also made strides in fully plastic, conformal LCDs as well as flexible sensors and smart systems, which have played an important role in the development of the much­-hyped wearables sector.He accompanied Prime Minister David Cameron when he visited FlexEnable’s Cambridge engineering plant in the run-up to the 2015 General Election.He is the co-­founder and chairman of the UK Electronics Skills Foundation, an award­ winning charity set up to help reverse the diminishing skills capability in the UK electronics sector. The charity connects employers with students in schools and universities.TIMELINEAPRIL 2014 Gotham City Research releases a devastating report attacking Quindell’s accounting methods. Its shares lose half their value, and the firm successfully sues.JUNE 2014 Quindell announces it doesn’t meet the requirements for a premium listing on the London Stock Exchange. Shares fall a further 20 per cent following the announcement.NOV 2014 Shares hit an 18-month low, and founder and chairman Robert Terry is ousted from the board following investor concern over a share-transfer agreement between himself, directors and a third party while sitting on price- sensitive information.MARCH 2015 Australian law firm Slater & Gordon purchases Quindell’s professional services division for £637m. Incumbent chief exec Robert Fielding steps down.JUNE 2015 The FCA opens an investigation into Quindell’s public statements regarding its accounts during 2013 and 2014.5 AUG The SFO confirms it has launched a criminal investigation into Quindell. The Financial Reporting Council says it too will investigate the firm’s accounts.17 AUG Indro Mukerjee is announced as the company’s newest chief exec. He will take up the role on 7 September. Share Express KCS center_img Tags: NULL whatsapp Quindell names new boss to unravel mess by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorlast_img

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