Global transport logistics company Christian Salvesen’s group general counsel and corporate secretary Ed Peppiatt is to step down at the end of next month.
The decision follows the company’s acquisition by French company Groupe Norbert Dentressangle on 14 December last year and its subsequent delisting from the London Stock Exchange.
Peppiatt will stay until the end of February to help with transitional issues and integration, but he explained that, under the new ownership regime, “there is no UK role in the new organisation at my level of seniority”.
Peppiatt is “currently looking at a number of options”, he said, but has not confirmed what his next role will be. He did not rule out a move to private practice, but added: “My particular skills are in the public company/plc role”.
The shake-up at Christian Salvesen comes exactly a year after the £820m turnover business restructured its in-house legal department to better split the focus between commercial and company secretarial duties (The Lawyer, 22 January 2007).
The restructure saw Keith Marriott promoted to the newly created role of commercial legal director and Ian Rose promoted to assistant company secretary.
Rose remains at Christian Salvesen and will take on all the company secretary responsibilities. However, Marriott left the business in October last year to take on the role of group general counsel at NEC Group.