Senior executives make sudden exit from HML
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Two of HML’s senior bosses departed the firm last week.
Brian Brodie, chief executive officer of HML, and Neil Warman, chief commercial and finance officer at the mortgage servicer, have both left the business.
The firm, which is owned by Skipton Building Society, has begun the search for permanent successors, with chief operating officer Andrew Jones acting as interim chief executive.
Richard Twigg, group finance director of Skipton and chairman of HML, says: “We would like to thank Brodie and Warman for the enormous contribution they have made to HML over the past three and a half years and wish them every success for the future.”
It is not believed that the pair are looking to set up a rival organisation.
The company’s latest accounts show that HML made a profit before tax of £64,000 in 2010, compared with £3.4m in 2009.
Its profit would have been £5.48m if it had not been for restructuring costs.
It reduced staff levels from 1,966 to 1,460 in 2010, while its assets under management fell from £47.46bn in 2009 to £43.47bn in 2010.
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