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Mouchel Group Appoints David Tilston As Group Finance Director; Issues Trading Update - Quick Facts
(RTTNews) - Mouchel Group plc (MCHL.L) announces the appointment of David Tilston as Group Finance Director, replacing Kevin Young who left the company on August 31, 2010 after nearly 12 years' service.
David Tilston, with over 30 years of experience as a chartered accountant and corporate treasurer, would join Mouchel on September 13. Also, David is a non-executive director at Sepura plc.
The Group's order book and pipeline both remain at about ??2 billion. In the Middle East, Mouchel has continued to receive payments from Dubai World as well as securing new projects in Abu Dhabi, amidst some signs of an improvement in trading as it moves towards 2011.
Steps to reduce the Group's cost base have continued, with full-year savings currently expected to be in the region of ??25 million, including reductions in headcount, offices and other lease costs.
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