Unexpected resignation at Waterford Wedgewood

PETER Cameron, the chief executive of struggling luxury goods maker Waterford Wedgwood, has stepped down unexpectedly.

Mr Cameron, who took over as chief executive in September 2005, will initially be replaced by David Sculley on an interim basis while the company finds a permanent replacement.

Mr Sculley, 61, has been a non-executive director of Waterford Wedgwood since 1997 and is chairman of two of its subsidiaries, Josiah Wedgwood & Sons and Royal Doulton.