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April 29, 2012

RSM Tenon chairman to step down

RSM Tenon chairman Adrian Martin will step down from the board as soon as a suitable successor is found.

Non-executive director Michael Findlay will also step down at the end of May to rejoin Bank of America Merrill Lynch in a senior executive role.

RSM Tenon chief executive Chris Merry said the process to appoint new board members is “well underway.” 

The firm has undergone a troubled period and at the end of February announced plans to cut 10% of staff and merge offices to help it recover from a 9.3% drop in revenues to £107.8m in the six months to 31 December 2011.

In February, Chris Merry was appointed chief executive after his predecessor Andy Raynor and chairman Bob Morton resigned in January following a 10% slump in revenues in the past six months of 2011.

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