More upheaval at Goals as CFO Gow joins Tunnocks
More moves on the board at Goals
Goals Soccer Centres has suffered another boardroom exit after Bill Gow, chief financial officer and co-founder of the five-a-side football company, resigned to join his family business Thomas Tunnock as a director and CFO.
Mr Gow will step down from the board with immediate effect, whilst continuing in his role as CFO until his successor is identified and has started. A search for his successor has begun.
Michael Bolingbroke, chairman, said: “Bill was one of the founders of the business in 2000. On behalf of the board of directors and the company, I should like to express our sincere gratitude to Bill for his contribution to the business over the years and wish him well in his new role.”
The announcement came alongside a further warning on profits.
The company said: “While we expect H2 to benefit from the investment programme that has been undertaken, the results for the full year are expected to be materially below market expectations, due to the impacts of the extreme weather in H1.
Andy Anson, chief executive, said: “The investment strategy that is being executed is improving the underlying performance of the clubs. However, frustratingly, the first half was impacted by the snow and its significant after-effects, which masks the performance of the business where positive trends are clear. With the improving underlying performance, we expect a better second half.”
East Kilbride based Goals operates outdoor small-sided soccer centres with 49 sites, including three in California.
Mr Gow’s resignation is the latest in a number of recent departures. Scott Lloyd, son of tennis ace and leisure clubs founder David Lloyd, resigned last month. Mr Bolingbroke took over the chair from Nick Basing earlier this year. Former former Disney and Manchester United executive Andrew Anson became CEO in April after Mark Jones left in October.