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Gulf Marine Services suspends Tim Summers as CEO
StockMarketWire.com
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Energy support vessels company Gulf Marine Services said it had suspended Tim Summers from his current role as chief executive officer, pending an internal investigation into a severance agreement between him and the company dated 10 November 2020.
The severance agreement included a payment to Summers of approximately £429,000.
Pending the outcome of the investigation, the company had appointed the chairman, Mansour Al Alami, as interim executive chairman.
At 9:29am: (LON:GMS) Gulf Marine Services PLC share price was 0p at 7.07p
Story provided by StockMarketWire.com
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