The boss of beleaguered cake chain Patisserie Valerie has stepped down as the company installs a new CEO to lead its recovery. Paul May’s departure comes just over a month after the company found a black hole in its accounts and was forced to raise emergency funds to stay afloat.
Name: Paul May
Company: Patisserie Valerie
Replaced By: Stephen Francis
Announcement Date: November 14, 2018, 11:00pm
Resignation Date: November 14, 2018, 11:00pm