Reed Health Group shares plunged to a four year low yesterday, with investors warned that it would be “a long-term haul” for the medical recruitment agency.

Trevor Goul-Wheeker, who took over as chief executive in January, told share holders that he would be able to address management issues, but could not predict a change in the market.

Reed Health’s shares lost four and a half pence to 39p.

The company’s former chief executive David Fennell, and group finance director Mark Garratt both resigned last week.