Managers leave QP Group after takeover talks stall

20 July 2005
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21 July 2005 | Rebecca Ellinor

Three of QP Group's management team are leaving the procurement consultancy after a disagreement over the valuation of business.

Denis Kenny, who only joined as managing director in December 2004, has already left his position.

He is to be followed by two of the former colleagues he brought with him to QP Group from IT and business services consultancy Capgemini.

They are Stuart Hosford, e-solutions director, and Caroline Booth, who was appointed to lead QP Group's business development in areas including utilities markets and the public sector.

SM understands Kenny and his colleagues are leaving after they and Robin Cammish, QP Group owner and chief executive, failed to reach an agreement over the valuation of the business, which the three hoped to take over.

Both QP and Kenny, who confirmed his decision to SM last week, said discussions between the two parties had been "professional and constructive", and the resulting agreement was "amicable".

Following the departures, a change in the group's management structure will be introduced at the end of this month.

It will see chief operating officer Robert Sullivan, who has been at QP Group for five years, assume the role of managing director. SM understands the changes are likely to result in some job losses.

Sullivan told SM that QP Group is being restructured to "maximise efficiency" and he cautioned that "redundancies are a possibility in some functions".

Despite the threat of job losses, he claimed QP Group had grown its business over the past six months, increasing its number of consultants by more than 20 per cent since January to meet demand.

Sullivan was, however, unable to detail how many consultants were now working at the firm.

QP Group has offices in the UK, France, Germany and the US. Its consultants advise on procurement and supply chain management.

SMjul2005

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