Matt Riley has reinstalled himself as executive chairman of Daisy Group after it was announced that CEO Neil Muller is leaving the company, following discussions about the next phase of the group’s evolution. The company said in a statement on Tuesday that Riley’s appointment will be effective immediately. Riley said he expected to agree a refinancing deal for the company later this year, suggesting that the possibility of floating the company has also been put on hold.
Matt Riley has reinstalled himself as executive chairman of Daisy Group after it was announced that CEO Neil Muller is leaving the company, following discussions about the next phase of the group’s evolution. Daisy is understood to have been in talks about selling the business, but the offer received was not at a high enough price. Riley said he expected to agree a refinancing deal for the company later this year, suggesting that the possibility of floating the company has also been put on hold.