CPPGroup Plc PROPOSED INTERIM APPOINTMENT (2766K)
April 15 2015 - 4:11AM
UK Regulatory
TIDMCPP
RNS Number : 2766K
CPPGroup Plc
15 April 2015
CPPGROUP PLC
15 April 2015
PROPOSED INTERIM APPOINTMENT
CPPGroup Plc (CPP or the Group), the International Assistance
business, is pleased to announce its intention to appoint Stephen
Callaghan as its interim Chief Executive Officer, once regulatory
approval is obtained. Stephen will report directly to Eric Anstee
who will, revert to non-executive Chairman upon Stephen's
appointment. The Board will continue its search for a permanent
CEO.
Stephen brings over 25 years of business experience to CPP. He
has established a strong reputation for leading international
business transformations, and he has relevant experience in growing
technology-enabled customer service businesses. Stephen is
non-executive director of Lumata Holdings Ltd, a global leader in
mobile paid content, Navtech Radar Ltd, a manufacturer of
commercial radar solutions, and Ceres Power Holdings plc, the
AIM-listed developer of fuel cell technology.
Eric Anstee, Executive Chairman, said: "We are delighted to have
secured Stephen Callaghan as our proposed interim Chief Executive.
Stephen has a proven track record in delivering successful business
performance, achieved through commercial rigor, strategic alignment
and focused execution. His leadership skills and depth of
experience in will help us drive forward our digital-led strategy
and I look forward to working closely with him."
Stephen Callaghan, said: "CPP is a resilient business emerging
from a challenging period in its history. My role will be to
harness the considerable strengths of the Group and drive the
business forward to the next stage of its development. I look
forward to working alongside Eric, the Board and the executive team
to ensure that CPP is set on the path to growth and restored as a
trusted, committed organisation that is focused on value
creation."
A further announcement will be made when the appropriate
regulatory approval has been confirmed.
Further information
Stephen James Callaghan, 54, is or has been a director in the
following companies
Current directorships:
Steve Callaghan Services Limited
Navtech Radar Limited
Ceres Power Holdings plc
Ceres Power Intermediate Holdings Limited
Holyoake Hall Management Company Ltd
Lauderdale Mansions (East) Limited
Guestfleet Limited
Lumata France SAS
Lumata Digital India Private Limited
Lumata Italia Srl
Spitfire Holding NV
Lumata UK Limited
Lumata Holdings Limited
Lumata Newco 2 Limited
Previous directorships:
Clarity Commerce Solutions Ltd
DigiPoS Store Solutions (Holdings) Ltd
DigiPoS Store Solutions International Ltd
Ceres Power Ltd
Ceres Intellectual Property Company Ltd
Anker Systems Limited
Torex Canada Limited
Torex Retail Anker GmbH
Torex Retail NV
Torex Retail A/S
Torex Retail OY
Torex Retail Solutions GmbH
Torex Retail BV
Torex Retail Solutions BV
Torex Retail AB
Torex Retail Anker GmbH
Torex US, Inc
There are no further disclosures required pursuant to Schedule
2, paragraph (g) of the AIM Rules for Companies in respect of the
proposed appointment of Stephen Callaghan to the Board of CPPGroup
Plc.
Enquiries
CPPGroup Plc
Eric Anstee, Executive Chairman
Tel: +44 (0)1904 544500
Craig Parsons, Chief Financial Officer
Tel: +44 (0)1904 544372
Media
Tulchan Communications: David Allchurch
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
END
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