Dennis directors go after fierce bid battle
Friday 13 November 1998
Steve Burton, the chief executive, will step down at the end of the month and could be in line for a payout of around pounds 134, 000. Brendan Geary, the finance director is set to leave in February with a payoff of around pounds 112,000. John Fleming, a Mayflower director, has been appointed chairman of Dennis, now a fully-owned subsidiary of the engineering group.
Sources close to Mayflower, which won Dennis after a fierce bid battle with rival busmaker Henlys, said that the departures were part of a "smooth transition". Messrs Burton and Geary led the Dennis board which backed Henlys' offer until the last days of the bid, arguing that the two businesses had a better fit.
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