🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

UPDATE 1-Yell appoints Merrill Lynch's Wigley as chairman

Published 06/08/2009, 03:07 AM
Updated 06/08/2009, 03:16 AM

* Will join on July 24

* Previously with Merrill Lynch International

LONDON, June 8 (Reuters) - British yellow-pages company Yell has appointed Bob Wigley, formerly the Europe, Middle East and Africa chairman of Merrill Lynch International, as its new group chairman.

Heavily leveraged Yell, which took a 1.3 billion pound writedown in May, mostly for its Spanish operations, said Wigley would join the group on July 24, following its annual general meeting.

Wigley was with Merrill Lynch International until earlier this year and had held a number of senior corporate and investment banking positions. He will replace Bob Scott who said in May he would step down.

Wigley said he had followed Yell since its floatation and looked forward to helping the group through its next phase of development. Yell has been hit in recent years by a steep decline in local classified advertising.

(Reporting by Kate Holton; editing by Simon Jessop)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.