Jade Leung, the Chief Financial Officer of Caliber, has confirmed she will step down from her role after 11 years with the company. The announcement was made internally earlier this week, though no immediate successor has been named. Leung, who joined Caliber in 2014, has been instrumental in overseeing the firm's financial operations through periods of expansion and market volatility.
Caliber, a mid-cap company listed on the London Stock Exchange, has not disclosed the reasons behind Leung's departure. Industry analysts suggest that her exit could be part of a broader restructuring within the organisation. 'Leaving after such a long tenure often indicates either a planned succession or a strategic pivot,' said one City analyst who asked not to be named.
The timing of the departure is notable, coming as Caliber faces headwinds in its core markets. The company's shares have fallen 3.2% over the past month, underperforming the FTSE 250, which has remained relatively flat. Investors will be watching closely for any updates on the CFO transition and its potential impact on Caliber's financial guidance.
For UK shareholders, the departure of a long-serving CFO can raise questions about stability and forward planning. Leung's tenure saw Caliber navigate post-Brexit trade adjustments and the inflationary pressures of recent years. Her successor will inherit a company with a solid balance sheet but facing rising costs in supply chains and labour markets.
Caliber has stated that it will begin a formal search for a new CFO immediately. In the interim, the company's deputy finance director will assume day-to-day responsibilities. Leung is expected to remain in an advisory capacity for a short handover period to ensure a smooth transition.
Source: Caliber internal announcement