RSM Tenon appoints former Matrix CEO as chief exec

RSM Tenon has appointed former Matrix CEO Chris Merry as its chief executive officer.

Merry was chief executive of Matrix Group between 2007 and mid-2011. Prior to this Merry has had roles at Winfred Mann, where he was finance director and then CEO between 2004 and 2006, and was also finance director at Clifford Chance.

His appointment will see Adrian Martin assume the role of non-executive chairman.

Martin, who was deputy chairman and senior independent director at the firm, was appointed executive chairman of the national firm of accountants and advisers after the group announced that chairman Bob Morton and chief executive officer Andy Raynor had both stepped down from their roles at the firm last month.

RSM Tenon also revealed last month that it has been carrying out a review of its financial reporting following the appointment of Adrian Gardner as chief financial officer in October 2011. It says this review may lead to restatements of its accounts to June 30, 2011 as a prior year adjustment as well as to incur certain non-recurring, non-cash charges in the six months to December 31, 2011, that were not included inside additional expectations.

Commenting on his appointment, Merry says: “Whilst RSM Tenon is undoubtedly going through a challenging period, there is a strong underlying business and a solid platform for the future.  I look forward to working with the executive team to restructure and build the business for the long term.”