Oxford Instruments is remaining tight-lipped about the size of the pay-off offered to its departing chief executive.
Andrew Mackintosh, 48, left the Eynsham-based business suddenly yesterday (November 18) after leading the high-tech company through a painful restructuring.
Asked about Mr Mackintosh's pay-off deal, a company spokesman said: "Andrew's financial package is a matter between him and the company. Details will be in the next annual report."
As reported in the late edition of yesterday's Oxford Mail, Mr Mackintosh is being temporarily replaced by chairman Nigel Keen.
Mr Keen said: "I will take over the day-to-day running of the business, which gives me the opportunity to make some changes which I have been itching to do."
He said: "I look forward to accelerating the pace of growth and to identifying a new chief executive who will add momentum to the future development of our business."
The company employs more than 300 people in Oxfordshire, in Eynsham and Tubney Woods.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article