Flooring retailer Carpetright CFO to step down amid restructuring – euronews

(Reuters) – Struggling U.K. flooring retailer Carpetright said on Tuesday its Chief Financial Officer Neil Page would retire this month after more than a decade in the role.

The company, which is implementing a survival plan after negotiations with creditors in the past year, said Jeremy Simpson would replace Page on Feb.25.

Simpson is joining Carpetright from asset and energy support services group Sureserve Group , formerly called Lakehouse Plc, where he was the finance chief.

Carpetright had raised 65 million pounds ($82.7 million) through a share issue in June last year after creditors and shareholders backed a restructuring plan to close stores and cut jobs.

Many British retailers have either gone out of business or announced plans to…

Read the full article at: https://www.euronews.com/2019/02/05/flooring-retailer-carpetright-cfo-to-step-down-amid-restructuring