Greggs delays director’s appointment amid review into accounting blunder at his previous firm

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Greggs has delayed the appointment of a board director due to a review into an accounting blunder at his previous firm, WH Smith.

The high street baker said former WH Smith finance chief Robert Moorhead asked to delay his appointment until a review by Deloitte of the error is completed.

He was due to start on October 1 as an independent non-executive director and audit committee chair.

Moorhead left WH Smith last year after more than 20 years. 

Nearly £600million was wiped off its stock market value last week when it was discovered profits in North America had been overstated by about £30million.

It lowered its outlook for annual pre-tax profits to around £110million.

Probe: Greggs said former WH Smith finance chief Robert Moorhead asked to delay his appointment until a review by Deloitte of the error is completed

Probe: Greggs said former WH Smith finance chief Robert Moorhead asked to delay his appointment until a review by Deloitte of the error is completed

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