The company had warned last month that annual adjusted profit would be materially below prior forecasts. The company issued three profit warnings in 2019, delayed publishing its annual results, and its auditor
Pullen, who led the firm for two years, will continue to lead
In an update to the stock exchange yesterday,
"Chris has led the business through very difficult circumstances and we wish him well for the future. I look forward to announcing a new chief executive in due course."
Shares fell 5.5 per cent to 43.95p following the announcement yesterday.
It came as rival recruitment firm Hays reported a fall in profit yesterday, citing the
Like-for-like operating profit for the company dropped 18 per cent to £100.1m, down from £124.1m in 2018, as net fees slumped two per cent to £553.1m.
The recruitment firm's performance in the
Hays said that the Australian bushfires in December "severely impacted the market", although fees were broadly stable beforehand.
5.48%
(c) 2020 City A.M., source