Ransom (William) & Son (LON:RNSM) , the natural healthcare company, has surely established a record for the shortest appointment of a senior Director. This follows the announcement that that Robert Denton, who was only appointed Finance Director on 26th April, has resigned from the Board with effect from today, 30th April 2010, apparently for personal reasons. Commenting on the intial appointment last Monday, Ivor Harrison, Chief Executive, said, "I am delighted to announce the appointment of Robert as Finance Director. His accounting and cash management experience will help the Company during this challenging period, while his commercial understanding will be valuable in the execution of the next stage in the turnaround plan. I would also like to thank Ran Oren for his exceptional contribution to the Company over the last 18 months."
From 2007 to 2009 Mr Denton was Finance Director of Shieldtech Plc (LON:STEC), a business that hasn't exactly covered itself in glory following its admission to AIM in July 2007 and still remains in a rather fragile state. David Suddens, Chairman of Ransom commented how the group was "..disappointed that Robert did not feel up to the job of continuing the turnaround; however we are reassured by the fact that Ran Oren is already in place to continue in his role as interim finance director, a position which he has held in Ransom for the last eighteen months." One wonders what Robert saw on his arrival at William Ransom to scare him off so quickly. There wasn’t a flicker from the share price!
