Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

DART Group - has the FD had enough of Big Phil?

Dart Group announced today that the Group Finance Director, Mike Forder, would be leaving, apparently in light of the Group's recent relocation of its head office operations from Bournemouth to Leeds. No reflection on the business itself but it’s my humble opinion that long suffering Mike saw an opportunity to get away from Chief Exec Philip Meeson and went for it!

He will be replaced by Andrew David Merrick (aged 45 but sure to age quickly with increasing exposure to Chairman and Chief Exec Big Phil!) who will takeover as Group Finance Director from 24 July 2007.

Andrew joins the Group with seemingly a wealth of expereince gained as Director of Finance at Bradford & Bingley -no experience will have prepared him for Big Phil's attitude to shareholders, analysts and anyone remotely interested in 'his' business ! He is a Fellow of the Chartered Institute of Management Accountants and he’ll certainly need all the management experience he can muster to handle Phil and the bizarre attitude he brings to City meetings.

I would like to express my thanks to Mike Forder in his efforts in communicating the Dart story in the face of the huge communications jamming device that is Philip Meeson. I really don’t know how Mike put up with things for so long -he’s been suffering since ’98 after all!

Have a nice break Mike.


Investor's Champion is a registered trade mark of Investors Champion Ltd.  Investor’s Champion Limited is a company registered in England and Wales under number 03577867 whose registered office is at Langwood House, 63-81 High Street, Rickmansworth, Herts WD3 1EQ. Investor’s Champion Ltd is associated with Fundamental Asset Limited who is authorised and regulated by the Financial Services Authority.