Highbury Dips Following COO Resignation

Highbury House Communications saw its share price shrink this morning following news that Mike Frey, the company’s chief operating officer, is to leave the company with immediate effect, not to be replaced.

The company confirmed in a statement to the City this morning that Frey had resigned his post by mutual consent, with the company making no plans to seek a replacement.

Last month saw Kelvin MacKenzie appointed as executive chairman to Highbury House, ending months of speculation over the former Sun editor’s plans for the company following massive share purchases (see MacKenzie Secures Chairman’s Role At Highbury).

The move uprooted Highbury’s plan for succession, which would have seen Frey appointed as chief executive, as well as drawing resignations from non-executive chairman, Simon Neathercoat, and chief executive officer, Mark Simpson.

Highbury House Communications: www.hhc.co.uk