20:20 Mobile’s finance chief, Matt Moulding, will be leaving the business in the coming weeks, Mobile can reveal.
Moulding’s departure comes as new Dutch CEO Meinie Oldersma had his first official day in the business this week.
Moulding leaves four months after his long-time colleague, and former CEO, Mark Ryan, also left the business.
Moulding is believed to have sold a large chunk of his shares in the business to parent company, Doughty Hanson, in recent weeks.
The private equity firm is currently searching for a new finance chief to replace Moulding.
20:20 has endured a brutal 2007 with a series of missed targets and flagging sales and profits.
Oldersma was presented to 20:20’s banking syndicate on Monday this week, where he was received warmly, although it was made clear that a major recovery in performance is expected in the coming months.