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Cheryl Jones, chairman of staffing company Impellam, has stepped down as director with immediate effect following restructuring processes, the firm reported on Monday. Ms Jones will work with the group over the coming months to ensure the company’s 2013 plans get under way efficiently. Meanwhile Andrew Wilson has been appointed as chairman of the board.
Andrew Wilson has previously been a non-executive Director of the Company since May 2008. Prior to that, he had been a non-executive Director of The Corporate Services Group plc since March 2003.
Ms Jones plans to keep at least one million of her current 1.2 million shares in the company over the next 12 months. She has also been granted the right to buy 500,000 shares by December 2013, increasing her stock to 1.7 million or 3.8% of Impellam’s issued share capital.
Andrew Wilson said: “The strategy of the Group remains focussed on our key markets and our current and prospective clients. Whilst the economic environment remains a major challenge, the restructured organisation and the diversity of the company's portfolio provide a sound operational and financial base for the on-going success of the Group.”
Impellam is among the 20 largest staffing companies in the world, according to research by Staffing Industry Analysts. In July, the firm reported plans to transform its strategy around market-focussed restructuring through divisional and group entities. The company then reported strong half-year results with revenues of £590.9 million beating expectations.