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Friday, February 22, 2008

Centaur loses Coates in Swift Redundancies

Press Gazette has put some more flesh on the Centaur story of management redundancies we reported last week.

The thee execs going are Robin Coates, Annie Swift and Roger Becket. Old hands and loyal to Centaur for many years. They will have made some money in the float of course but I have no doubt this will have come as a painful surprise. Underneath all the perfectly proper guff about wanting to have a single strategic view and wanting to improve the web offering (much needed), is the harsh truth that this probably saves a useful half a million a year, perhaps more - or an instant 3% profit improvement

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