De La Rue will stop making British passports next year after it lost out on a £260 million contract to Gemalto Katie Collins/PAThe banknote printer De La Rue, which has come under pressure from an activist investor after a series of profit warnings, said that its chairman was retiring and its senior independent director was leaving. The news comes weeks after it said that its chief executive, Martin Sutherland, 50, was leaving. Philip Rogerson, 74, who has been chairman for nearly seven years, will retire after a new chief executive has been found. De La Rue, which also prints passports and tax stamps, said that the change was part of a orderly succession. However, Richard Bernstein, of the activist investor Crystal Amber, tweeted this morning: “On Thursday we wrote to Philip Rogerson, De La Rue’s chairman: ‘We have concluded that all stakeholders would be better served if…

Source: The Times June 24, 2019 08:03 UTC