CFO Brown steps down amid cost-cutting at Braveheart

Aileen BrownAileen Brown has stepped down as chief financial officer of Scottish angel company Braveheart Investment Group as part of a cost-cutting exercise.

The decision follows a review of its management structure and need to reduce ongoing operating costs by combining certain functions. 

Ms Brown’s role will be assumed by the two other, non-board members of the accounts team, Jennifer Kennedy, financial controller,  and Kevin Brown, company accountant. They have a combined 13 years service with the company.

Geoffrey Thomson, chief executive, will take overall responsibility for the accounting function.  Mr Brown becomes company secretary. The changes are immediate.

The latest shake-up follows the departure of Ken Brown, non-executive director, who stepped down on 31 March having served for seven and a half years.


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