Hays CEO Cox to step down

Recruitment company Hays said chief executive Alistair Cox was stepping down after discussions with the board.

In a statement on Thursday the company said it had been "jointly agreed that it is an appropriate time to commence a process to identify Alistair's successor".

"Throughout this process Alistair will remain as CEO until a suitable candidate has been appointed and a handover has taken place. A thorough recruitment process with the support of external consultants, is now underway, considering both internal and external candidates," the company said in a statement.

Reporting by Frank Prenesti for Sharecast.com