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Executives Moves

Martin Angle

has joined TI Group as finance director designate.

He will replace Brian Walsh as group finance director when he retires in May. Walsh, who is also retiring as vice chairman, has decided to move from a full-time executive role to a part-time consulting position.

Angle takes up the role from Kleinwort Benson where he was both group director and also a member of the board of Dresdner Kleinwort Benson (North America), the holding company for Dresdner’s activities there.

As a member of the chairman’s policy committee, Angle will also be involved in the strategic direction of the company.

John Edwards, finance director of Northern Electric, has resigned from the company following its acquisition by US independent power producer CalEnergy. With Edwards’ resignation and the upcoming retirement of commercial director, Ron Dixon, Northern Electric is set for a major executive board overhaul. Other pre-takeover board members have already left, although David Morris, the ex-chairman, has moved to the CalEnergy board to provide UK representation. There had been talk of Edwards remaining “in some capacity” however a suitable role could not be agreed upon.

A new finance director will not be appointed as Edwards’ role has been split. Ken Linge, who was previously the financial planning manager has become director of financial planning. In this new position he will take over responsiblity for treasury and property matters. Some of Edward’s other responsibilities will be handled by CalEnergy’s Nebraska head office.

Rosemary Thorne, finance director of J Sainsbury, has been appointed a non-executive member of the Department for Education and Employment’s management board. Thorne, who is the second executive from Sainsbury to join the management board of a government department, is also an honourary treasurer of the Prince’s Youth Business Trust.

Paul Travers is the new finance director of Rushmere Wynne Group. He replaces Maurice Alberge who recently resigned from the board.

Martin Large has been appointed finance director for visual communications supplier, Steljes. This is a newly created position as a result of the creation of several new trading divisions and the doubling of staff levels.

Large previously worked for GNI as financial controller and fund management director.

Keith Harwood has been appointed group finance director at Kingsway Group. He joins the company from Akzo Nobel Decorative Coatings.

Chocolate maker Thorntons has appointed Jonathan Fellows as its new finance director. Fellows, who joined the company from Lloyds Chemists, replaces Alan Goodwin who has been with the company for 20 years, including 10 years as FD. Goodwin will remain with the company for an unspecified period to ensure a smooth handover.

Nick Bridgen, finance director of gold company Bakyrchik has stepped down after four years in the position. Bridgen was the last remaining board member of the company before it was floated in 1993. He said that his four years with the company had been the most arduous of his life, the culmination being a three-month stint in Kazakhstan negotiating with the government for a bigger share in the joint venture company that owns the Bakyrchik gold mine. A replacement for Bridgen has yet to be announced.

Robert Arrowsmith is the new finance director of software and services group DCS. Arrowsmith joins from Systems Union Group where he was finance director from 1992. He replaces Richard Savage who has stepped down but remains on the board as a non-executive director.

Nicholas Mearing-Smith has been named finance director of Cable and Wireless Communications, the multi-media joint venture launched in October 1996. He moves from Nynex CableComms Group, where he was chief financial officer and executive director.

Christopher Ross-Roberts has joined the board of insurance intermediary Oriel Group as group finance director. He replaces Richard Horton who resigned to pursue other interests.

West Bromwich Building Society has appointed Chris Bristow as risk manager. In this newly created role Bristow will be responsible for managing the society’s balance sheet exposure to interest rate risk on assets and liabilities. He was previously a freelance treasury consultant.

Mike Yardley, investment and finance director of Royal London Assurance, has been named its deputy chief executive.

Terry Smith, group finance director of Prospect Industries, has joined Spring Ram as a non-executive director.

Barbara Moorehouse is the new finance director of construction company Morgan Sindall. She replaces Alistair Sloan who wanted a more operational role. He remains in the company and will be involved in the development of small works and maintenance centres within Morgan Sindall. Moorehouse joins the company from South West Water where she was a regulatory director.

Alan Cox, former finance director of toymaker Hornby, has moved from toys to sunglasses with his recent appointment as FD of Eyecare Products. He replaces Julian Steadman.

Appointment announcements can be faxed to Abigail Cooke on 0171-316 9250.

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