Also visit: mashmedia.net | c-mw.net | exhibitionnews.co.uk | exhibitionworld.co.uk
Search

Compass Group’s Sir James Crosby steps down

Share
article:
Share on LinkedIn Email Print View
Compass Group The Non-Executive Director of catering company Compass Group, Sir James Crosby, has resigned from his role and has asked for his knighthood to be removed, according to reports.
 
According to BBC.co.uk Crosby, also Former Chief Executive of banking and insurance company HBOS, will also forgo 30 per cent of his £580,000 per year HBOS pension following a critical report into the bank’s collapse during the financial crisis.
 
Sir James served as Chief Executive at HBOS between 2001 and 2006. A Banking Standards Commission report called him the "architect" of the strategy that led to HBOS’ downfall.
 
Compass Chairman, Sir Roy Gardner, said in a statement: "On behalf of the board, I would like to thank James for the significant contribution he has made to the company over the last six years."
 
Sir James said the Banking Commission report "made for very chastening reading". He added: "Although I stood down as CEO of HBOS in 2006, some three years before it was taken over by Lloyds, I have never sought to disassociate myself from what has happened.
 
"I would therefore like to repeat today what I said when I appeared in public before the commission in December; namely that I am deeply sorry for what happened at HBOS and the ensuing consequences for former colleagues, shareholders, taxpayers and society in general.”
 
Do you have a news story for CN? Email: vcarley@mashmedia.net

10 Apr 13

Leading industry suppliers confirmed as Confex contractors
International Confex has announced a raft of leading suppliers who have won contracts to work alongside the organisers on the show and to showcase their services to the... ...read more
Events at the BIC in 2015 expected to generate £50m
More than 53,000 delegates generating £50m in economic benefit are expected to attend events at the Bournemouth International Centre (BIC) in 2015, according to BH... ...read more
LCS welcomes Ed Bolling back as Chair
London City Selection (LCS) has re-appointed Ed Bolling, GM of Ironmongers’ Hall, to the role of Chair following the departure of Diane... ...read more
Council waves play on for conference centre at Sixfields
Northampton Town Football Club Chairman David Cardoza says a new conference centre development at the Sixfields stadium will help “ensure a bright and successful... ...read more
The QEII Centre appoints new directors
London’s QEII Centre will welcome two new directors early in 2015 in a team expansion and restructuring designed to extend the reputation of the iconic QEII Centre... ...read more

News Archive
Partners & Associations
I.C.C.A
Conference Centres of Excellence
Meetings Industry Association
VENUEmasters
International Confex
Conference and Meetings World
Conference News - Online
Conference News Supplement - Online
Mash Media
Home | News | Features | Blogs | Events Diary | Recruitment | Directory | Subscribe | Print Magazines | Contact Us
© 2008 - 2014 Mash Media Group