Norman Broadbent PLC - London-based recruitment firm - Names Mehr Malik as new chief financial officer with effect from next Monday. Malik will replace Steve Smith, who is stepping down to ‘pursue other business opportunities’ as announced in August.

Malik has held many financial and commercial leadership roles with a range of businesses. Most recently, Malik acted as portfolio chief financial officer directly and through Isosceles Finance Ltd, the provider of accounting outsourcing, FD services and M&A advisory.

Chief Executive Officer Kevin Davidson says: ‘On the back of the considerable growth Norman Broadbent experienced in 2022 and the trajectory the business is now on, Mehr will work closely with me on a number of initiatives, including corporate development, as we begin to look more seriously at emerging M&A opportunities in 2023 and beyond.’

Current stock price: 3.00 pence, down 14% on Tuesday afternoon in London

12-month change: down 56%

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