Titanic shipbuilder Harland & Wolff's CFO resigns (updated)

Harland & Wolff group

11/09/2024 14:49

(Recasts paragraph 1, adds details and background throughout)
       Sept 11 (Reuters) - Harland & Wolff  HARL.L  said on
Wednesday its finance chief Arun Raman has resigned from the
beleaguered British shipbuilder, which is struggling to stay in
business.
    The company, known for building the Titanic, had last month
expressed its inability to finalise its 2023 accounts on a
going-concern basis, while its shares were suspended on London's
Alternative Investment Market in July.
    The company, which survived closure in 2019, sent its CEO on
leave in July and named restructuring expert Russell Down as
interim executive chairman to oversee a recapitalisation effort
to secure a sustainable financial footing.
 

 (Reporting by DhanushVignesh Babu in Bengaluru; Editing by
Leroy Leo)
 ((DhanushVignesh.Babu@thomsonreuters.com))