MJ Hudson's CEO resigns after auditing woes deepen (updated)

MJ Hudson

15/02/2023 14:02

(Adds background)
       Feb 15 (Reuters) - MJ Hudson Group Plc  MJH.L  said on
Wednesday Chief Executive Matthew Hudson had resigned with
immediate effect, days after the company's auditor EY exited
saying it had "lost trust" in management.
    In December, the asset management services firm warned it
would not be able to complete its full-year audit in time due to
continued discrepancies in its finances. It had also suspended
Chief Financial Officer Peter Connell.
    Hudson is currently the company's largest shareholder, with
a stake of more than 20%.   
    The company did not give a reason for his departure and
Hudson did not immediately respond to a Reuters request for
comment sent through networking platform LinkedIn.
        Hudson, 61, who founded the company in 2010, will
continue to serve as a director of MJ Hudson Holdco and MJ
Hudson Ltd for the interim. 
  
 (Reporting by Radhika Anilkumar and Amna Karimi in Bengaluru;
Editing by Sherry Jacob-Phillips and Devika Syamnath)
 ((Radhika.Anilkumar@thomsonreuters.com;))