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April 5, 1989

THE TOP TWO AT RODIME PLC QUIT

By CBR Staff Writer

Following its devastating announcement last Friday of its rapidly deteriorating financial condition (CI No 1,147), the top two at Rodime Plc have quit: Control Data Corp vet Thomas Kamp, now chairman of disk drive repair company Premier Computer Corp – it fixes Rodime disks – succeeds Len Brownlow as chairman, and Peter Bailey, also formerly with CDC, has been appointed managing director in place of Mervyn Brown; the company has also hired Noble Grossart Ltd as an additional financial advisor to review the options available with an emphasis on seeking to effect a rationalisation of the company’s operations and its financial structure; and Bank of Scotland has also agreed to allow a temporary hike in Rodime’s overdraft facility.

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