Embattled G4S boss to step down

Updated: 
Nick BucklesThe boss of security giant G4S is to stand down - just months after he came under fire for his company's botched handling of its Olympics Games contract.

Chief executive Nick Buckles, who was paid a total of £1.2 million in 2012, was instrumental in creating the G4S business through the merger of Securicor and the security businesses of Group 4 Falck in 2004.

He is to retire from the company and will be replaced on June 1 by Ashley Almanza, who has held senior roles at oil and gas group BG Group.

SPONSORED FINANCIAL CONTENT