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Watches of Switzerland poaches chief financial officer from Rank

Published: 03:50 26 Aug 2021 EDT

Watches of Switzerland Group PLC - Watches of Switzerland poaches chief financial officer from Rank

Watches of Switzerland Group PLC (LSE:WOSG) has poached chief financial officer Bill Floydd from The Rank Group PLC (LSE:RNK).

He is leaving the Grosvenor Casinos owner at the end of 2021, having joined in 2018.

READ: Watches of Switzerland posts bumper quarterly figures

"I have thoroughly enjoyed my time at Rank and feel that now is the right point at which to pursue my next opportunity,” Floydd commented.

“Whilst the last 18 months have been an extraordinary period for everyone, I am confident that Rank will go from strength to strength now that it is back open for business and John and the team continue to deliver on the group's transformation programme."

At Watches of Switzerland, Floydd will replace Anders Romberg, who is retiring after seven years in the role.

His base salary will be £380,000 per annum and he will receive a cash pension allowance of 3% of base salary. The maximum annual bonus will be 125% of base salary and the maximum annual performance share plan award will be 175% of base salary.

Rank shed 2% to 177.2p on Thursday morning, while Watches of Switzerland was flat at 1,014.42p.

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