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Sykes' saviour to go
00:00 07 Jul 1999
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by Keren Sall
Eric Hook, the man responsible for bringing Midlands group Andrews Sykes back to life after the brink of ruin in 1994, is to leave the company at the end of July. He will not receive any compensation from the company and has yet to find a position.
Hook, who has been chief executive for more than five years told CJ: "After five years with the same company I feel it is time for me to move on. I am ambitious and want to work for a larger company. The move is at my instigation."
Hook, aged 45, will be replaced by group operations director John Hall as interim managing director while the company looks around for a successor.
The group's 1997 annual report showed Hook earned £231,507 with another £874,000 worth of accrued benefits in an incentive scheme.
Eric Hook, the man responsible for bringing Midlands group Andrews Sykes back to life after the brink of ruin in 1994, is to leave the company at the end of July. He will not receive any compensation from the company and has yet to find a position.
Hook, who has been chief executive for more than five years told CJ: "After five years with the same company I feel it is time for me to move on. I am ambitious and want to work for a larger company. The move is at my instigation."
Hook, aged 45, will be replaced by group operations director John Hall as interim managing director while the company looks around for a successor.
The group's 1997 annual report showed Hook earned £231,507 with another £874,000 worth of accrued benefits in an incentive scheme.
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