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Yell names Tony Bates as its new head of finance

first_img whatsapp Yell names Tony Bates as its new head of finance YELLOW-PAGES publisher Yell appointed Tony Bates, a former executive at telecoms provider Colt and music label EMI, as its new finance chief yesterday.Bates, 54, said in July he would step down as CFO of corporate telecoms specialist Colt, where Yell said he had been instrumental in turning the business around to becoming cash-generative, debt-free and profitable.Heavily indebted Yell said in May that both Chief Executive John Condron and CFO John Davis would leave the company by May 2011, sending its shares down 19 per cent on the day. Bates, who was also CFO of EMI from 2000 to 2002, said in a statement he saw the potential for Yell to “prosper considerably” thanks to its strong brand, profitability and cash generation as business confidence returned. Yell, which is fighting to hold its own against rivals like Google online, reported an 11 percent drop in sales for the quarter to the end of June. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Share whatsapp Show Comments ▼ Tags: NULL Monday 4 October 2010 8:53 pmlast_img read more