UK: Former Baird Director Tries To Oust CEO
A former director of William Baird, the troubled textiles business, this weekend asked fellow shareholders to help him remove David Suddens, the chief executive. John Jackson, who retired four years ago from William Baird, sent a highly charged letter to other investors. He said: "Since Suddens' appointment five years ago more than £200m of assets and goodwill have been written off. Besides losing the Marks & Spencer business, which Suddens was personally heading up, the company has also closed or sold at knock-down prices food brand businesses."
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