SBS Worldwide has launched a supply chain consultancy and strengthened its management team in the last year as it redefines its business focus.
"We are delighted to be looking forward to continued growth and prosperity and have worked hard to recruit top management to help us build further business success," says Steve Walker, Chairman, SBS Worldwide.
The business has moved on despite the fact that the company’s former Financial Director, Michael Clark, was investigated and then prosecuted for fraud. He was sentenced to three years prison last week after admitting fraud charges totalling over £1m.
"The handling of this matter has been led by our Non Exec Director, Geoff Gillo," says Mr Walker. This has ensured that the board has been free to concentrate on the on-going development of our diverse business. As the fraud related to prior periods, there has been no impact on the financial reserves of the business, which remain strong.
"Over the last year, we have invested in strengthening our management team and have established Virtualized Logistics, as we have adapted our business from being trade lane specific to focussing on a supply chain model on three, soon to be four, continents," he says.