Entire Swinton executive board sacked
All of Swinton’s executive board has been fired with immediate effect by parent company Covea over concerns surrounding a performance-related share scheme.
The board of French insurer Covea confirmed that a new executive board at Swinton had been appointed to "ensure the continued smooth running of the company" along with the senior management team.
In a statement Covea said it had taken the action because it had lost confidence in the insurance broker's executive board and "was concerned that the former executive board has put their short term interests ahead of the long term interests of the company and its employees.
"The issue concerns the
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