- Braveheart Investment Group chief financial officer Aileen Brown has stepped down following a review of the management structure and cost base.

The company said it had identified a number of synergies and cost savings which will enable it to reduce ongoing operating costs by combining certain functions.

Aileen Brown's role will be assumed by the two other, non-board members of the accounts team - financial controller Jennifer Kennedy and company accountant Kevin Brown, who have been with the company for an aggregate of 13 years.

Chief executive Geoffrey Thomson will take overall responsibility for oversight of the accounting function. Kevin Brown is taking up the role of company secretary. These changes are effective as of today's date.

As previously announced in the company's interim results, Ken Brown, non-executive director, stepped down on 31 March having served for seven and a half years.

The board thanked those standing down for their hard work and commitment over the years.

At 9:51am: [LON:BRH] Braveheart Investment Group PLC share price was 0p at 12p

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