(CelebrityAccess MediaWire) — Andy Taylor has stepped down from his position as executive chairman at Sanctuary Group yesterday, as reported by The Guardian.
He is reportedly concentrating on a new business plan to steer the company out of trouble, and will remain the senior executive of the struggling group he co-founded. He is expected to take the title of chief executive. His previous role will be filled by a non-executive chairman.
“This change is intended to enable Andy to concentrate on overseeing the implementation of the new business plan,” a Sanctuary spokesperson told the paper.
The group is £120 million in debt, and has already shed 175 executives and staffers – a quarter of its workforce. –by CelebrityAccess Staff Writers