RSM Tenon loses new chairman
TROUBLED accountant RSM Tenon lost its second chairman since the start of the year yesterday, after Adrian Martin told the board he would step down as soon as a successor was found.
Martin’s deputy, Michael Findlay, will also leave the board at the end May to rejoin Bank of America Merrill Lynch.
RSM Tenon’s previous chairman Bob Morton stepped down in January, along with its chief executive Andy Raynor, after the firm issued a profit warning and it has since had to restate its accounts to reduce its pre-tax profit for the previous year, due to “significant errors and change in accounting policy”.
Yesterday RSM Tenon said in a statement: “Having established a new management team, this is an opportune moment for a new chairman to take the company forward over the long term.”
The company appointed Chris Merry as its new chief executive in February.