Intimas, the lingerie business, has appointed Keith Smith as group finance director, replacing Tim Laughton.
Keith Smith joined Intimas this week from Futaba UK, which supplies the global Toyota organisation, where he was finance and strategy director. He will join the Intimas board on February 1.
Tim Laughton, who will leave Intimas to pursue other career opportunities outside the sector, will stay at the lingerie business until the end of March to ensure a smooth handover to Smith.
Intimas chairman John Gibson said: “I would like to take this opportunity to thank Tim for his effort, dedication and commitment over the past 18 months, and wish him every success in the future.”
Intimas saw its losses fall to £1.65 million from £2.21m for the six months to June 30.