Flowgroup to restructure as CEO resigns
Flowgroup, the pioneer of environmentally friendly boilers, is restructuring its business and has announced the immediate resignation of its chief executive Tony Stiff.
This includes a decision to remain below 250,000 customer accounts, saving the company about £2.5m.
The listed Chester company which in September completed a £25.3m recapitalisation says intends to implement significant cost savings and management changes to bring forward profitability by six months to the year starting July, 2018.
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