Leisure company Rank Group, which dropped out of the FTSE 100 last
year, has combined its top investor relations and PR posts and is
seeking to recruit a corporate affairs director to fill the role.
Last year the Rank Group, which owns the Hard Rock Cafe and Odeon Cinema
chains, posted a pounds 51 million pre-tax loss. A further slowdown in
profits in the first quarter of this year caused shares to fall 5.8 per
Both positions at the group are vacant following the departure of PR
director Susan Donovan and investor relations director Anna Miller.
According to PR executive Sarah Bedford, the departures were
Neither is currently in employment.
’Cost-cutting was a factor in the move. Rank head office has decreased
in size over the last couple of years following a rethink of how head
office operates. Rank Group is the holding company and most of the
businesses do much of their own PR at brand level,’ said Bedford.
The new corporate affairs director will oversee a team of three and
report to the board. The company hopes to recruit before its next set of
results are announced at the beginning of August.