LogicaCMG chief executive quits

Martin Read, CEO of Anglo-Dutch IT company LogicaCMG is to resign after 14 years at the top of the company.

His resignation follows last week’s profit warning, based on disappointing developments in the UK. The profit warning led to a 9% drop in LogicaCMG’s share price on Amsterdam’s MidKap index.
The company was formed in 2002 when Dutch Logica took over CMG.

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