News / DX Group CEO Petar Cvetkovic will go in management shake-up

Hostilities between the management of UK parcels, mail and logistics operator DX Group and its largest shareholder, Gatemore Capital, appear to be easing after DX announced a management reorganisation that will see chief executive Petar Cvetkovic depart.

The news came alongside an update on financial results for the year ending June 2017, which are expected to show revenue of £292m and adjusted profit before tax in line with forecasts.

The reorganisation announcement – which includes the formation of two new divisions – names Mr Cvetkovic and finance ...