John Farrell, Fair Trading Technology’s Global Head of Sales, has handed in his notice to leave the firm, according to an investigation by Forex Magnates. Farrell has joined Fair Trading Technology (FTT) as Global Head of Sales in October 2012, after serving in the same position at FXEcosystem.
Mr. Farrell attended the iFX EXPO in Macau last week on behalf of FTT, during which he was fully committed to the company and gave no indication of intention to move on.
CEO Confirms Departure
Forex Magnates reached out to FTT’s CEO Tim Haman, who confirmed the imminent departure of Mr. Farrell by explaining that, “John Farrell is departing from FTT on good terms. We are assessing our options to fill the gap, meanwhile he will stay on for a few more weeks to manage the hand over. The process of growing the sales team started even before John’s resignation. We are currently looking for experienced sales reps from the industry to strengthen the team.”
Stocks to Watch This Week – Expedia Group, IncGo to article >>
It seems like 2013 was not an easy year for the Swedish FX technology provider, whose senior management had experienced serious challenges in various attempts to secure the future of the firm. Among these challenges were attempts to restructure the company’s operation and a contraction of its sales team. FTT also recruited Chief Human Resources Officer Lisa Bogren last year, to grow the team and to enter new markets and onboard further corporate customers.
Mr. Farrell told Forex Magnates that, “I cannot officially comment. I have resigned but at this point I am bound by a notice period during which I must hand my position over, and I am still due some salary. FTT has not yet accepted my resignation, but I will be moving on.”
FTT did not indicate its plans to replace Mr. Farrell.