the chief executive of british banknote printer de la rue plc tim cobbold has resigned to join marketing services company UBM plc in the same role the firms said on tuesday.
de la rue said cobbold ceo since 2011 would leave the firm on march 29.
it said philip rogerson non-executive chairman would be appointed to executive chaiman until a new CEO joines the board.
finance director colin child will be appointed chief operating officer on a similar temporary basis.
rogerson said cobbold would leave de la rue with strong forward momentum underpinned by a good R&D pipeline and order book.
cobbold will start at UBM on may 6.