Norman Broadbent Group appoints new CFO

Norman Broadbent Group () has announced the appointment of Stephen James Smith as the company’s new chief financial officer and chief operating officer.

Smith succeeds Will Gerrand who recently decided to pursue other business interests, but, will remain with the company for a transition period.

“On behalf of the board and the Norman Broadbent team, I’m delighted to welcome Steve to the group,” said Mike Brennan, Norman Broadbent chief executive.

READ: Norman Broadbent returns to full-year profitability as turnaround continues

“Steve brings a significant amount of experience and expertise to us, and we look forward to him joining our senior leadership team.”

In January, Norman Broadbent saw its shares rise the professional services firm said its turnaround has continued, with the second half of 2019 proving better than the first.

The group returned to profit in 2019, it confirmed in a trading statement, on the back of a 22% increase in revenues to £11.5mln from £9.4mln in 2018. Group net fee income climbed 15% to £7.6mln from £6.6mln the year before.

“The continued growth in revenue and our return to full-year profitability after several years of losses is an extremely important milestone for Norman Broadbent,” said Mike Brennan, the group’s chief executive officer.

“As we move forward into 2020 these results further evidence that our strategy of building a more diversified, innovative and relevant business is working.”