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Votron sacked from Fortis

Fortis’ chief executive Jean-Paul Votron has been ousted from the Belgian bank.

A statement released by the bank this weekend revealed Votron had stepped down.

It said the board of directors of Fortis, along with Votron have decided “by mutual agreement” and in the interest of the Group, to terminate his contract.

The short statement said: “The members of the board wish to thank Votron for his commitment to Fortis during the past four years. He has made a crucial contribution to the development of Fortis and has transformed the company, thanks to important strategic decisions, into a more international group.”

Fortis deputy CEO and executive member of the board Herman Verwilst is to take over the Group CEO function.


Seager predicts fifth of firms could close

The retail distribution review could kill off up to 20 per cent of the intermediary market, predicts Whitechurch chief executive Kean Seager.

Ifs and butts

The smoking ban may be having a positive effect, with research by University College London, funded by Cancer Research, showing that the last year has seen the biggestever drop in the number of smokers.


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