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UK builder Barratt says CFO has left with immediate effect

Reuters - UK Focus

LONDON, Jan 19 (Reuters) - Britain's biggest housebuilder Barratt said on Thursday its Chief Finance Officer Neil Cooper (Taiwan OTC: 6401.TWO - news) had left the firm by mutual agreement just over a year after he joined, in a move a source told Reuters was initiated by the board.

Chief Executive David Thomas will take on the role temporarily whilst a replacement for Cooper, who joined the company in November 2015 from bookmaker William Hill (Frankfurt: 633847 - news) , is sought.

Barratt said on Thursday that Cooper had left with immediate effect in a move which a source told Reuters was instigated by the other directors.

"This was a decision led by the board and there was an acceptance that it wasn't working in the way that either party thought it might," a source familiar with the company's thinking said. (Reporting by Costas Pitas; editing by Paul Sandle)