IWG PLC Appointment of Chief Financial Officer (4636T)
March 25 2021 - 3:00AM
UK Regulatory
TIDMIWG TIDMTTM
RNS Number : 4636T
IWG PLC
25 March 2021
Appointment of Chief Financial Officer
IWG plc ("IWG" or the "Group"), the global operator of leading
co-work and workspace companies, has appointed Glyn Hughes as Chief
Financial Officer (CFO) with effect from 25 March 2021 when he will
also join the Board. Glyn takes over the CFO role from Eric Hageman
who will resign as a director of IWG plc on that date while
remaining for a transitional period to ensure a smooth
handover.
Glyn spent more than a decade with the Jardine Matheson group in
several senior finance and executive leadership roles with
significant franchising activities across various markets. More
recently Glyn was interim CEO of Mothercare plc, having previously
been the CFO, where he was instrumental in driving significant
strategic initiatives to transform its global franchise business.
Glyn is already familiar with IWG having joined the Group during
2020.
Doug Sutherland, Chairman of IWG said: "We are delighted that
Glyn Hughes will be joining the IWG Board as CFO. Glyn is a capable
leader who brings highly relevant international franchising
experience to IWG's finance and operations teams. We look forward
to working with Glyn in his new role as we continue our strategic
transformation to a capital light model to accelerate growth. On
behalf of the Board, I would like to take this opportunity to thank
Eric Hageman for his significant contributions during his time with
IWG especially as we navigated the unique challenges of 2020. Eric
leaves the business with a strong balance sheet to support our
rapid growth ambitions. We wish Eric the very best for the
future."
Mark Dixon, CEO of IWG said: "I would like to personally thank
Eric for his contribution to IWG as CFO. He has been a key member
of the management team, helping the business weather the COVID-19
storm and, importantly, leaving the business in an excellent
position to continue to extend our position as the global leader in
the flexible workspace market. I wish Eric every success for the
future. I am delighted that we have secured someone of Glyn's
calibre and international experience to take over from Eric. Glyn
has already made a meaningful impact on the business over the last
few months and I look forward to working more closely with him as
we continue to help the world adapt to a new way of working."
Glyn Hughes added: "Since joining the Group I have witnessed
first-hand the compelling prospects for the future of this
fast-growing dynamic sector. I am excited to become CFO and look
forward to working closely with the Board, management team and IWG
colleagues to capitalize on the opportunities created by the
seismic shift to hybrid working. "
This announcement contains inside information.
Pursuant to LR9.6.13R of the Listing Rules of the UK Listing
Authority, Mr Hughes was a director of Mothercare Business Services
Limited and of Mothercare UK Limited when they were placed into
administration.
ENDS
For further information, please contact:
IWG plc
Mark Dixon, Chief Executive
Wayne Gerry, Group Investor Relations
Director +41 (0) 41 723 2353
Brunswick Group
Nick Cosgrove
Oliver Sherwood +44 (0) 20 7404 5959
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