Dods Group names new CFO, pulls guidance
Information and publishing group Dods appointed Simon Bullock as chief financial officer on Thursday and pulled future guidance due to uncertainties caused by the Covid-19 pandemic.
The group's UK physical events and training operations faced disruption with postponements and some cancellations, and around one-third of the workforce had been furloughed and the remainder were working remotely, the company said.
"As with almost all service businesses, Dods cannot predict the medium to long-term effects of Covid-19 and therefore does not expect to be able to issue any forward-looking statements or guidance for the foreseeable future," said the group.
Bullock, a chartered management accountant, has held senior positions in a range of businesses - including media, marketing services and several high-tech firms providing wholesale fibre, broadband and networking software.
As of 0915 BST, Dods shares were up 9.09% at 3p.