Matalan to Part with Third Chief Executive

Daily PostJanuary 20, 2006

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Summary


MATALAN is to part company with its third chief executive in five years.

John King has handed in his resignation but has agreed to stay until the end of 2006 in return for an extra year's pay. Last year he was paid pounds 520,000 basic.

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Extract


Matalan to Part with Third Chief Executive

Some City commentators have described Mr King's departure as evidence the business has poor prospects. They also see the incentive to st...

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