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(From Financial Director)
Byline: Sarah Perrin.
Three-times turnaround king Richard Pennycook has exchanged unpredictability for stability, and crisis talks with bankers for expansion planning. As group finance director of RAC plc, he enjoys managing a brand that other FDs would love to get their hands - and balance sheets - on.
Pennycook joined RAC last August after completing his third turnaround in a row with the sale of HP Bulmer, the cider-maker, to Scottish & Newcastle.
This followed four years working on the turnaround of motorway services group Welcome Break (as finance director and then chief executive), and before that an ...