On the move - Ascot Holdings

Ascot Holdings, the breweries and pubs group, has announced the departure of finance director Michael Vincent. His abrupt departure came as Ascot announced their half yearly figures which showed pre-tax profits rise to #13.3m. Vincent, who received a #175,000 salary package last year will continue to draw his monthly pay of #9,600 until he finds a new position.

John Grant, chief executive at the company for the last two months moves swiftly into the FD chair thus combining both positions. Having previously been the FD at LucasVarity he should have no trouble finding his feet. Upon arrival at Ascot, Grant was asked by chief executive Howard Dyer to undertake a full review of the company including the boardroom positions. It was decided to combine the chief executive and finance director role in the best interests of the company.