Crowe Horwath replaces CEO

John Lombard has paid the price for poor performance over the past couple of years as chief executive of Crowe Horwath Australasia, the rebadged WHK Group, being replaced with immediate effect by chief financial officer Chirs Price. Price, however, will only serve as Acting CEO, while the board looks for a permanent solution. Price has been with the company for 6 years following ‘an extensive career in chartered accounting and manufacturing’. Year to end June 2013 2012 /(–) (%) Table 1: Crowe Horwath 2013 result Revenue ($m) 406 413 (2) Norm. EBITA ($m) 26.5 36.6 (28) Net profit ($m)...

John Lombard has paid the price for poor performance over the past couple of years as chief executive of Crowe Horwath Australasia, the rebadged WHK Group, being replaced with immediate effect by chief financial officer Chirs Price. Price, however, will only serve as Acting CEO, while the board looks for a permanent solution. Price has been with the company for 6 years following ‘an extensive career in chartered accounting and manufacturing’.

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