15 July 1998
Former APV finance director joins Powerscreen

TROUBLED manufacturer Powerscreen has appointed John Kennedy, 48, as finance director to replace Barry Cosgrove who stepped down in March.

Mr Kennedy comes from APV, where he was finance director up until last November when the food manufacturing equipment group was taken over by Siebe.

His first task will be to rebuild internal controls following controversy earlier this year when the group revealed severe and unexpected losses at its tractor-making Matbro subsidiary.

Brian Kearney, an independent financial consultant, who has acted as finance director since April, will join the board as a non-executive director.

  • Financial Times 15/07/98 page 25
  • The Times 15/07/98 page 26