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Interserve hires finance director days after devastating profit warning – Telegraph.co.uk

Mr Whiteling had previously held senior roles at technology firm Premier Farnell. He was also finance director of marketing business Communisis and group finance director of logistics company Tibbett and Britten.

Interserve’s previous finance director Tim Haywood announced in June that he would be leaving the company. Chief executive Adrian Ringrose also recently left the firm, to be replaced by former Sodexo boss Debbie White.

Glyn Barker, chairman at Interserve, said: “Following the appointment of Debbie White as chief executive, Mark’s appointment is the next step in strengthening our top team to lead the transformation of Interserve.”

News of Mr Whiteling’s appointment is likely to give investors more confidence in the future of the company after a disastrous few days.

Interserve’s shares crashed to historic lows on Thursday after the firm warned on profits due to the mounting costs of its energy-from-waste contracts, which had increased above the £160m previously allocated.

Interserve hires finance director days after devastating profit warning – Telegraph.co.uk}

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