In a move clearly designed the thwart the unwelcome attentions of ex-Shandwick boss, the former Peter Gummer, now Lord Chadlington [WAMN, 14-Jul-00], marketing services group Huntsworth has put itself on the market.
Chadlington, with a group of investors that includes quondam Halifax chairman Jon Foulds, has built almost a 30% stake in Huntsworth and called an extraordinary general meeting at which a motion will be put to sack the entire board.
Huntsworth’s aim, according to a company spoke, is to ensure that its shareholders have an alternative, a motive that did not entirely please his Lordship.
"It is clear", quoth the peer, "that the board, in putting the company up for sale, has abandoned any attempt to defend its lamentable track record. We shall be watching closely as events unfold over the coming days."
News source: The Times (London)