Will Wright, UK chief executive of Interpath, is in talks to join rival Grant Thornton after a leadership rift at the restructuring firm. The move follows months of tensions between Wright and Interpath’s global chief executive Mark Raddan, particularly after the firm’s £800mn sale to Bridgepoint. Wright, a prominent restructuring adviser known for leading the administrations of Claire’s Accessories and TGI Fridays, has been a major work generator for Interpath.
He was removed as a director in July, and his relationship with Raddan deteriorated, becoming 'acrimonious' and 'really personal'. Interpath has made a counter-offer, but Wright is expected to decide soon. His potential exit comes months after Raddan was fined for breaching confidentiality rules before the KPMG spin-off.
Grant Thornton, which sold a majority stake to Cinven, aims to hire 160 partners by 2027. Interpath has expanded globally since spinning out of KPMG five years ago, employing over 1,000 people.
Source: Financial Times Companies · Summarized by HeadlinesBriefing