Lombard Risk Management (LRM) has announced that “John Wisbey has informed the board of his intention to stand down as Chief Executive and director of the company with immediate effect in order to pursue other opportunities”. We understand differently.
It seems very odd that the company’s founder who has worked for it for 25 years would suddenly decide to quit immediately “to pursue other opportunities” - and believe this not to be the case. In fact we know that it is not the case. This was a boardroom coup led by Chairman Philip Crawford who has gained power as now full-time Executive Chairman, apparently “on an interim basis until such time that the board is in a position to appoint a new Chief Executive”. Crawford is a scumbag and this RNS is quite simply a lie.
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