Walker Crips Group plc Board changes (3256P)
August 31 2017 - 2:01AM
UK Regulatory
TIDMWCW
RNS Number : 3256P
Walker Crips Group plc
31 August 2017
31 August 2017
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Walker Crips Group plc
("Walker Crips" or the "Group")
Board changes
Walker Crips Group plc, the listed financial services group,
with activities including stockbroking, investment and wealth
management, announces the following changes to its Executive Board
directors with effect from 6 September 2017.
Rodney Fitzgerald, who has been Chief Executive Officer ('CEO')
and Group Finance Director for the last ten years, will be stepping
back from his position as CEO and retaining the role of Group
Finance Director as part of a phased retirement.
Sean Lam, who has held the role of Group Managing Director for
the same period of ten years, will succeed Rodney as CEO.
Mark Rushton, Chief Investment Officer, will assume
responsibility of the investment management & stockbroking
subsidiary, Walker Crips Stockbrokers Ltd, as CEO, subject to FCA
approval.
David Gelber, Chairman, Walker Crips, says: "Rodney has done a
tremendous job in leading the business for over 10 years as CEO and
has played a pivotal role in managing the transformation of the
group from private client stockbrokers into an integrated
investment and wealth management house.
"His successor, Sean Lam, has already played a key part in the
success of the Group, previously as CEO of Walker Crips
Stockbrokers Ltd and as Group Managing Director with dual
responsibility over Group operations and technology, making him the
ideal person to lead Walker Crips into the future.
"Mark Rushton has also been instrumental in our recent rapid
growth, attracting a series of new teams of advisers to the Group
since joining in 2012, which has changed the quality of our revenue
streams and enhanced the processes and culture throughout the
organisation."
Rodney Fitzgerald, who previously served as Group Finance
Director for 8 years until 2007, says: "It has been a privilege to
have served as CEO and to have seen the organisation grow
significantly to the next level as a fully-listed independent
investment/wealth management group, which is now well positioned
for the next phase of growth under Sean Lam's leadership."
Sean Lam said: "I am humbled and honoured to be appointed CEO.
Our firm has been serving clients for an incredible 103 years
because of the dedication of our Investment Managers. In today's
era of dramatic technological change, we are now positioned to
engage a higher gear, a higher level of intensity, a different
mindset and to be a 'technology driven financial services company'
creating new offerings to clients, value to shareholders and
greater opportunities for our staff."
Mark Rushton added: "Since joining 5 years ago I have relished
building and developing this special firm with our management and
investment teams who are committed to good customer outcomes. I
look forward enthusiastically to serving clients, colleagues and
shareholders in my new role."
For further information please contact:
Marc Milmo Cantor Fitzgerald Europe +44 (0) 20 7894 7602
Media enquiries:
Walker Crips Group plc
Geri Jacks, Group Marketing Manager www.wcgplc.co.uk +44 (0) 20 3100 8000
Roland Cross, director, Four Broadgate +44 (0)20 3697 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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