RSM Tenon chairman Adrian Martin and deputy chairman Michael Findley are stepping down after only three months.
They were appointed to their roles in January after chairman Bob Morton and chief executive Andy Raynor stepped down. Martin is to step down once a successor is found while deputy chairman and senior independent director Findlay, who is also non-executive director, is leaving at the end of May to join Bank of America Merrill Lynch.
In January, RSM Tenon said it was conducting a review which may lead to restatements of its accounts to June 30, 2011 as well as incurring certain “non-recurring, non-cash charges” in the six months to December 31, 2011, that were not included in additional expectations.
In February, RSM Tenon announced it was to cut 10 per cent of jobs as part of a restructuring programme after it posted a loss on continuing operations of £70.6m, after an impairment of goodwill of £60.7m, for the last six months of 2011.