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FD News: KPMG adviser joins Mincon as CFO

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14th Jan 2014
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A round-up of significant executive moves, announcements and other developments from the world of business during January 2014.

KPMG adviser joins Mincon as CFO

13 January - Brian Lenihan, a former director at KPMG, has joined Irish engineering group Mincon Group as chief financial officer (CFO) after having advised the company.

Lenihan, who qualified as a chartered accountant with the Big Four firm in 2004 and has been a director since 2010, worked on Mincon's initial public offering (IPO) and admission to AIM last year.

He’s worked in audit and capital market services to companies in the energy, manufacturing and pharmaceutical sectors, and spent three years in KPMG's Boston office.

Lenihan will be based at the head office of the company in Shannon, Ireland.

John Doris, the interim CFO since September 2013, will remain with Mincon for a short transitional period to effect the handover to Lenihan.

Kevin Barry, chief executive of Mincon, said: “His appointment fulfils one of the stated objectives of the board at the time of the company's flotation and I believe his experience in KPMG, together with his in-depth knowledge of the business, means that he will be a valuable addition to the team at Mincon as it seeks to implement its growth and acquisition strategy.”

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Hornby takes on former House of Fraser FD

9 January - Models and collectibles group Hornby has announced the appointment of the former deputy chairman and group finance director of House of Fraser as a non-executive director.

David Adams will chair the audit committee alongside fellow non-exec Charlie Caminada on the remuneration committee.

Adams has enjoyed a long career primarily in the retail sector. He is currently a non-executive director at FTSE 250 retailer Halfords Group, chairman of Musto and also non-executive chairman of Conviviality Retail and Park Cameras.

Roger Canham, executive chairman said: “I am very pleased to welcome David and Charlie to the Board. They both have a tremendous amount of highly relevant experience. I am in no doubt that they will make a strong contribution to the group as we move forward.

“It is testament to the strength of the Hornby brands that we have attracted such high calibre talent.  In the meantime, I would personally like to thank Mark, Nigel and Frank for all their years of support that they have given to the business.”

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Reed Elsevier appoints new CFO

7 January - Professional information solutions provider Reed Elsevier has announced the appointment of Nick Luff as chief financial officer (CFO).

Luff, who takes over from Duncan Palmer, will join the company from energy group Centrica where he has been CFO since 2007.

Prior to this he was at shipping group P&O where he worked for 15 years in a variety of senior finance roles, including CFO of the parent company for seven years.

Luff serves as a non-executive director of Lloyds Banking Group and served as a non-executive director at defence company QinetiQ Group.

Erik Engstrom, Reed Elsevier chief executive, said: “I am pleased to have Nick join the team. His many years of experience as Finance Director of a FTSE 30 company, combined with his involvement in dual UK/US and Netherlands-based listings, make him a great fit for Reed Elsevier.”

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