Iceland founder quits company

31 January 2001

Iceland founder quits company

By FWi staff

ICELAND founder Malcolm Walker has resigned as executive chairman ahead of a crisis board meeting, reports The Daily Telegraph.

Mr Walkers sudden departure from the frozen food chain follows his 13.5 million share sale last month, weeks before the company issued a severe profit warning.

The sale is currently being examined by the Financial Services Authority.

On Tuesday Iceland sales closed 5p down at 187.5p.

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