Abbeycrest FD to leave
EMBATTLED jewellery firm Abbeycrest said its finance director is standing down.
The Leeds-based company, which has been hit by soaring precious metals prices, said Simon Lazenby will resign from the board at the end of the year. He will help the group on a consultancy basis, if needed. Abbeycrest has started looking for his replacement.
The company said Mr Lazenby has been working to refocus the group on its two main subsidiaries, Abbeycrest Thailand and Brown & Newirth, implementing a working capital model for each.
“These initiatives are now largely complete,” said Abbeycrest. “The board thanks Simon for his contribution and wishes him well for the future.”