GLASGOW-based Stakis Hotels, which is due to release its interim financial results on Thursday, is expected to announce two key management changes in conjunction with its half-year trading update.
It was widely reported yesterday that Robert Smith, chief executive of Morgan Grenfell Asset Management, was set to become the new chairman of Stakis. Meanwhile, hotels division head Anthony Harris has been tipped to take over as deputy chief executive.
A spokesman for the hotels, casinos and leisure group refused to confirm or deny the reports yesterday, saying only that both men were doing good work for the company. ''All I can really say is that I would keep my eyes open,'' he said.
Smith, who became deputy chairman of Stakis in February, will succeed Richard Cole-Hamilton, the former chief executive of Clydesdale Bank, who will step down shortly after five years in office.
Stakis is expected to show pre-tax profits of #32m for the half-year, compared to #22.2m the previous six months.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article