Nicholls to take over as CEO of loss making Aquilo
Claims services company Aquilo today reported a loss for 2003 and admitted that it has been through a difficult period and that "getting the business into shape has taken longer than originally forecast due to the time needed to create new revenue streams." It plans to sell off its IT business to an MBO, float on AIM and appoint Clive Nicholls as CEO.
However in a statement the company said the "groundwork has now been successfully completed to ensure that Aquilo will grow rapidly in 2004 and into the foreseeable future. The opportunity now existsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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