Nightfreight boss's surprise delivery
The boss of a major West Midland delivery company has quit unexpectedly, it was announced yesterday.
Steve Allen was said to have resigned as chief executive of privately-held Nightfreight to “pursue interests outside the group” with immediate effect.
The announcement came after Mr Allen pulled out of a planned interview with The Birmingham Post last Friday without giving a reason.
The Willenhall-based company, which has been through two management buy-outs since 2001, refused to expand on a short statement released yesterday.
Chairman Tim Redburn said: “Over the past 12 months Steve has been instrumental in implementing the group’s strategy which has resulted in good growth in difficult trading conditions.
“However Steve has taken the decision that, moving forward, the business would benefit from a more operationally-focused CEO – a decision the group has supported.”
John Aspin, a non-executive director, has taken over as chief executive “to maintain business continuity and ensure that it is ‘business as usual'”.
In March, the company, which employs more than 2,400 people at more than 70 sites around the UK, announced a 250 per cent rise in operating profit in 2006 to pounds 3.1 million on turnover 6.8 per cent ahead at pounds 8.4 million.
