CPPGroup Plc Directorate Change (1377R)
June 25 2015 - 2:00AM
UK Regulatory
TIDMCPP
RNS Number : 1377R
CPPGroup Plc
25 June 2015
CPPGROUP Plc
25 June 2015
DIRECTORATE CHANGE
CPPGroup Plc (CPP or the Group), the International Assistance
business, today announces that Craig Parsons has decided to step
down from his role as Chief Financial Officer after 13 years with
the business.
Craig has held a senior role in CPP's Group Finance function
since 2002 and has been the Group's Chief Financial Officer since
September 2013. He played a leading role in refinancing the Group
in July 2013, and most recently in securing new equity funding for
the business in December 2014 alongside restructuring the Group's
balance sheet.
The Board is engaged in a search for Craig's successor and this
process is already at an advanced stage. Craig will remain in his
role until the publication of the Group's Half Year Report in
August to ensure a smooth and orderly transition with his
successor.
Craig Parsons commented:
"I have thoroughly enjoyed my time at CPP over the last thirteen
years. With the recent work to strengthen the Group's financial
position now completed, I feel that it is the right time for me to
explore new challenges. I would like to thank everyone at CPP for
supporting me over the years and wish the team the very best for
the next stage of the journey."
Eric Anstee, Executive Chairman, commented:
"Craig has given a huge amount to CPP during his time here and
has been a valued colleague and an excellent CFO. He leaves with
our very best wishes for his continued success in the future."
Enquiries
CPPGroup Plc
Eric Anstee, Executive Chairman
Stephen Callaghan, interim Chief Executive Officer
Tel: +44 (0)1904 544500
Lorraine Beavis, Group Company Secretary
Tel: +44 (0)1904 545395
Media
Tulchan Communications: Martin Robinson
Tel: +44 (0)20 7353 4200
Sponsor 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. CPP primarily operates a
business-to-business-to-consumer (B2B2C) business model providing
products and services to customers through Business Partners and
direct to consumer. The Group's core assistance products help to
provide security and are designed to make everyday life easier to
manage.
As announced on 15 April 2015, Stephen Callaghan's appointment
as interim Chief Executive Officer is pending regulatory
approval
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
END
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