Kevin Abbott leaves Alpha

TheMoodieReport.com: "Kevin Abbott leaves Alpha Airports Group after accounts controversy � 16/05/06
Source: �The Moodie Report; The Moodie Report VIP News Alert
By Martin Moodie
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Bombshell departure: Kevin Abbott (right), pictured with Commercial Director David King, has left the company with immediate effect
UK. In dramatic breaking news, Alpha Airports Group Chief Executive Kevin Abbott has resigned as a director as has the company�s Finance Director Heather McRae. Both left the company today.

Alpha issued the following statement moments ago:

�Whilst the Special Committee�s investigations into the concerns raised in the Group's announcement of 10 May 2006 continue, Kevin Abbott, Chief Executive, and Heather McRae, Finance Director, have today resigned as Directors of the Group.

'The Group has today appointed Peter Williams as Chief Executive and Tim Redburn as Finance Director. Mr Redburn will be assuming the role on an interim basis for a minimum period of three months during which time a search will be conducted for a permanent Finance Director.

'Peter Williams, 52, was previously Chief Executive of Selfridges plc until February 2004. Mr Williams, who joined Selfridges in 1991 as Finance Director, led the company�s demerger from Sears in 1998 and remained as Finance Director of Selfridges plc until his appointment as Chief Executive. Mr Williams qualified as a Chartered Accountant with Arthur Andersen and subsequently worked as a management consultant at Accenture. He brings a valuable combination of retail, finance and commercial experience, and since leaving Selfridges has acquired a portfolio of senior non-executive positions.

'Timothy Redburn, 52, is a Chartered Account"