Two directors go in NFC shake-up
Wednesday 05 July 1995
Gerry Murphy, the new chief executive of NFC, began his shake-up of the troubled transport group yesterday by announcing a worldwide reorganisation and the departure of two senior executives.
One of those to leave is Robbie Burns, the highly regarded head of the logistics division, who was involved in a much-publicised bust-up with NFC's former chief executive, Peter Sherlock.
Mr Murphy, who took over last month, yesterday underlined his determination to restructure NFC by re-shaping the group into three units covering the UK and Ireland, Continental Europe and North America. Each division will have a chief executive, reporting to Mr Murphy, and a seat on the NFC board.
Two separate, worldwide supervisory boards will be established for the logistics and moving services operations to promote branding, product development and procurement.
Mr Murphy said: "We have acted quickly to change the way NFC manages its operations. The new reporting structure is simpler, leaner and removes barriers inherent in the old structure."
It is unlikely to be the only radical change introduced under Mr Murphy's leadership. Last month NFC announced it was setting aside pounds 35m - on top of a pounds 21m provision earlier this year - to pay for restructuring. Loss-making operations will be closed and the branch network rationalised in a move likely to mean large job losses among the 33,000 employees, many of whom own shares in NFC.
A spokesman said yesterday that there was nothing to report on further restructuring. "We will just have to work our way through the business and see what happens," he said.
Under the changes announced yesterday, Terry Stockley, chief executive of BET's textile rental division since 1992, takes over as NFC's chief executive of the UK and Ireland from 17 July.
Graham Roberts is appointed chief executive of Continental Europe operations. He is currently chairman of Exel Logistics Europe, and has been an NFC director since 1989. A chief executive of NFC in North America has still to be announced. Bruce Edwards, currently chief operating officer, is appointed as chief executive of Exel Logistics North America. And Mike Fergus, currently chief operating officer, is appointed as chief executive officer of Allied Van Lines.
In a statement NFC said that as a result of the changes Denis Olliver, head of moving services worldwide, and Mr Burns, responsible for logistics in the UK and North America, had resigned as directors. There had been talk that Mr Burns was not pleased with being passed over for the chief executive's job.
NFC had lost its way in the past couple of years, and investors were keen to see the appointment of new blood from outside the company. Last month, NFC saw first-half profits fall to pounds 34.3m from pounds 50.5m.
- 1 The Boy in the Dress, TV review: David Walliams' Boxing Day treat is a celebration of being different
- 2 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 3 Andy Murray takes to Twitter to show off his Christmas jumper
- 4 Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
- 5 Top 10 travel destinations for 2015: From Haiti and Alaska to Namibia and Iceland
PlayStation and Xbox hacked by Lizard Squad
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
UK weather: Travel chaos continues as King's Cross train delays add to snow on roads
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...