De La Rue chair Kevin Loosemore quits

'Accelerated recruitment process'

De La Rue’s chair Kevin Loosemore resigned on Friday 14 April, following months of activist investors clamouring for him to exit.

De La Rue said Loosemore had resigned to "draw a line under recent speculation surrounding the leadership of the company". Loosemore will officially step down on 1 May 2023, and the board said it is aiming to appoint a new non-executive chairman the day after, or as soon as possible. Crystal Amber calls for chair change at De La Rue The firm's third largest shareholder, Crystal Amber fund, which has a 9.8% stake, has had a sustained campaign against Loosemore for some time, and called for him to step down at the end of last year, citing uncertainty and criticism of his plans for th...