Mitie shares fell 24% to 78p soon after the news was released, highlighting the present extreme nervousness of investors towards support services firms.
Sensitive to the feeling in the market, Mitie chairman David Telling launched a counter-attack.
He claimed Kilduff’s departure was the result of personality differences and lack of talent, rather than any gaping holes in the group’s balance sheet.
The strategy appears to have worked – the City seems to have accepted the explanations – for now.
Things haven’t gone so smoothly for Amey. Its dear departed finance directors David Miller and Michael Kayser are still serving their notices, while Deloitte & Touche partner Eric Tracey has joined for the next few months to get Amey through its results in March.
Tea breaks must be interesting.