"Initially I was asked to stay on a year beyond my retirement, and then the MBO happened," said Milne.
Milne, who led the multi-million pound MBO from Royal Blue Holdings at the beginning of this year (PrintWeek, 25 January), said it had always been his intention to step down once there was stability within the company.
Once the new appointment is made, Milne, who joined Curtis in 1969, will retire and take up a position as non-executive director on the board of EdenEsk, Curtis Fine Papers holding company.
Milne said the company had been trading profitably since the MBO, and the company was in good shape for his successor to take over.
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"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
"Hello Keith,
The details will be in the administrators' report but that's not available yet. I will write a follow-up piece when that's filed.
Best regards,
Jo"
""The terms of the deal were not disclosed."
Here we go again. Why is it that administrators are not obliged to reveal the terms of a pre-pack deal?"
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