Print Published 15th Feb 2011, 08:54

Turnaround specialist takes chair at Adventis

Adventis Group’s former chairman Aubrey Adams has been replaced by turnaround specialist Nick Winks as the beleaguered group seeks to renegotiate its banking arrangements and awaits the outcome of an investigation into its financial controls by accountants KMPG.

Three weeks ago, the group issued a second profit warning after suffering a serious setback in its healthcare division (see Shock healthcare loss sinks Adventis share price).