Northgate finance chief sacked after assault conviction
Northgate has dismissed its CFO.
Commercial vehicle hire firm Northgate has sacked its finance chief after he was convicted of assault.
The company’s board – which hires out its fleet to the likes of construction, wholesale and distribution businesses – said that while Paddy Gallagher’s offence took place outside of work, he was still deemed ill-suited for the role.
“Paddy Gallagher, Chief Finance Officer, has been summarily dismissed due to his conviction for the summary offence of common assault,” Northgate said in a market announcement.
“Whilst the conviction relates to Mr Gallagher’s personal life, solely as a result of this conviction, the Board considers Mr Gallagher’s position is untenable.”
Mr Gallagher was re-elected to the board of directors earlier this month, receiving support from 99% of shareholders, but it is unclear whether he was handed the conviction after the annual general meeting took place on September 19.
No further information on the conviction or dismissal was provided.
David Tilston has been appointed as interim chief financial officer in his stead, having previously served as interim finance chief for Consort Medical for the five months to April 2017. He also served as CFO of Innovia Group – the company known for supplying the UK’s £5 plastic notes – from 2012 to 2015.
Northgate shares were trading around 0.2% higher at 428p in morning trading in the wake of the news.
Northgate, which operates across the UK, Ireland and Spain, employs around 3,000 staff across its three markets.