Peter Byers is to succeed Guy Leech as group finance director of the John Ronan and Richard Barrett- controlled property investment business, Treasury Holdings.
The company announced yesterday that Mr Leech is leaving to pursue personal interests. Earlier this year, he sued the company for €2 million he argued was due to him under a bonus scheme and sought to prevent it cutting his pay by 35 per cent.
The issue has since been “resolved to the satisfaction of both parties”, according to the company.
The move has sparked changes in its two listed associates companies, Real Estate Opportunities (REO) and China Real Estate Opportunities (CREO).
Mr Leech has resigned from the REO board. The company plans to appoint Treasury Holdings UK managing director, Robert Tincknell, to its board. Mr Tincknell is resigning from the board of CREO to take up his REO directorship.
The company has also announced that it is appointing Treasury Holdings China managing director, Richard Anthony David, to its board, subject to the regulator’s approval.
