Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Mouchel appoints new chief executive and chairman

14 October 2011
 

Mouchel has appointed a new Chief Executive, Grant Rumbles, and interim Chairman, David Sugden. Rumbles succeeds Richard Cuthbert who left the company on October 6 following a trading statement from Mouchel that financial errors and a re-evaluation of contracts meant that the group’s profits would be £8m lower than anticipated for 2010/11.

Since the profits warning, the group has been in discussions with its lending banks regarding covenant breaches which are anticipated to arise...

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