September 11, 2017 / 9:23 AM / 12 days ago

Toymaker Hornby's CEO to step down

(Reuters) - Toymaker Hornby Plc (HRN.L) said on Monday Steve Cooke would step down as chief executive, less than a week after warning that trading for the financial year to date had been lagging the company’s expectations.

The maker of Thomas & Friends model train sets did not give a date for Cooke’s departure and said he would remain CEO for a transitional period.

Cooke joined the company as the finance head in June 2015 and became CEO in April 2016.

Reporting by Rahul B in Bengaluru; Editing by Amrutha Gayathri

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