HomeNewsUnited Kingdom

Perform’s chief financial officer to stand down

David Surtees is to stand down as chief financial officer of digital sports media company Perform, it was announced today (Friday).

Surtees, who joined Perform in 2008 prior to the company floating on the London Stock Exchange, will stand down from the company’s board on January 31.

Perform issued a profit warning on December 12, revealing that 2013 full-year earnings would be “significantly” below expectations. The news, which was disclosed following disappointing performances in advertising and sponsorship during the fourth quarter, led to a slump in the company’s share price from 427p to 180p in one day.

Perform’s share price was up by nearly five per cent to 247p by 3pm on Friday.