Matthew Weiner And James Heather News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sarah Townsend
The developer involved in the £1.4bn regeneration of Manchester’s Mayfield depot is to restructure after posting a £50m loss for the six months ended 30 September 2020. Chief executive Matthew Weiner has stood down with immediate effect.
Weiner, who said he leaves “to pursue other opportunities”, has been replaced by Richard Upton, currently chief development officer, who assumes his new role with immediate effect. Upton was the founder and chief executive of developer Cathedral Group, which U+I acquired in May 2014.
As his first task in the role, Upton has commenced a 100-day review of the business to cut costs and refocus the company’s activities solely on regeneration projects. The findings of the review are to be announced in the full-year results on 26 May. ....

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