CPP Cppgroup Plc

TIDMCPP

RNS Number : 0320F

CPPGroup Plc

16 February 2015

CPPGROUP PLC

16 February 2015

Directorate Change

CPPGroup Plc (CPP or the Group) today announces that Brent Escott has stepped down from his role as Chief Executive Officer with immediate effect. A process to identify a new Chief Executive Officer for the Group will commence immediately and in the interim, Eric Anstee will assume the role of Executive Chairman. During the transition period, Craig Parsons, Group Chief Financial Officer and Charles Crawford, Group Chief Operating Officer will report to Eric Anstee directly.

Since his appointment in August 2013 as Chief Executive Officer, Brent has successfully stabilised CPP, improved processes, strengthened regulatory relationships and significantly reduced the Group's cost base. As the Group moves forward to the next stage of its development with a clear focus to realise the future commercial opportunities that exist, the Board believes this is best undertaken by new leadership.

Eric Anstee, Executive Chairman, commented:

"The Group has progressed during Brent's tenure and under his leadership and guidance CPP has been successfully repositioned for the future. On behalf of the Board, I would like to express our thanks to Brent for his leadership and contribution and we wish him every success in the future."

Enquiries

Investor Relations

CPPGroup Plc

Craig Parsons, Chief Financial Officer

Tel: +44 (0)1904 544372

Helen Spivey, Head of Corporate and Investor Communications

Tel: +44 (0)1904 544387

Media

Tulchan Communications: Martin Robinson

Tel: +44 (0)20 7353 4200

Nominated Adviser and Broker

Numis Securities Limited: Robert Bruce; Stuart Skinner; Charles Farquhar

Tel: +44 (0)20 7260 1000

Notes to Editors

CPPGroup Plc (CPP or the Group) is an international assistance business operating in the UK and overseas within the financial services, telecommunications and travel sectors. CPP primarily operates a business-to-business-to-consumer (B2B2C) business model providing services and retail, wholesale and packaged products to customers through Business Partners and direct to consumer. The Group's core assistance and travel service products help to provide security and enhance the experience of travel for customers worldwide, designed to make everyday life easier to manage.

For more information on CPP visit www.cppgroupplc.com

REGISTERED OFFICE

CPPGroup Plc

Holgate Park

York

YO26 4GA

Registered number: 07151159

This information is provided by RNS

The company news service from the London Stock Exchange

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