IR Society makes CEO redundant to ‘rechannel funds’

The Investor Relations Society has made its chief executive Andrew Hawkins redundant as part of a review of the organisation’s financial position.

IR Society chair Diane Faulks said the move was motivated by the need to channel funds elsewhere, but denied the Society was in dire financial straights. ‘Given the economic climate, nobody is immune to the downturn in the market,’ she said. ‘Companies are not cutting back on their IR activities, but there is tighter control.’

Following his appointment as chief executive in 2001, Hawkins set up a three-strong team to handle the Society’s activities, including events and its education programme. Faulks added that the Society planned no further cuts.

‘While I am sad to leave, I do want to see preserved the things the team has done and recognise that this is for the greater good,’ said Hawkins.

Hawkins has already found other work and joins investor relations company Intershare next month, where he will help with the launch of a product to test and track the effectiveness of financial communication.

He is also starting his own company, Communicate Research, which will provide research to the comms sector.

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