New CFO at Pace as Leighton’s overhaul continues

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PACE has appointed a new chief financial officer as Allan Leighton continues his overhaul of the set-top box maker.

The Saltaire-based group, the world’s biggest maker of TV set-top boxes, said Roddy Murray, the former CFO at plumbing group BSS, will join the company on March 6.

He replaces Stuart Hall, who is standing down after five years at the company.

Mr Hall’s departure follows a tumultuous time for the company, which has seen three profits warnings and Mike Pulli replace Neil Gaydon as chief executive.

Pace installed high-profile former Asda chief executive Mr Leighton as chairman in May to restore investor confidence.

Mr Leighton said: “We would like to thank Stuart for his contribution to Pace during his time here. He joined the company in 2007 and has helped steer the business through an important phase in its development. We wish him and his family well for the future.”

Mr Pulli said: “We are delighted to welcome Roddy to the business. He brings with him a wealth of financial experience most recently as CFO of The BSS Group plc and prior to that Moss Bros Group plc.

“His background will be very valuable as we move into the next stage of Pace’s development and deliver on our strategic plan.”