CEO at Bob Diamond's Atlas Mara exits company

Bob Diamond, CEO of Atlas Mara and former CEO of Barclays

Atlas Mara, the African investment vehicle co-founded by former Barclays boss Bob Diamond, has unveiled plans for a shake-up.

The investor, which in October reported a 70 per cent slide in pre-tax profits, said Chief Executive Officer John Vitalo has stepped down, with a replacement to be announced in “due course”.

Vitalo, who joined the company in 2014, was its first ever Chief Executive Officer.

The news comes shortly after the departure of Chairman Arnold Ekpe, who stepped down in October

Read more: Chief executive at Bob Diamond's Atlas Mara steps down as it unveils plans for a share placement | City A.M.