Directorate Change

RNS Number : 2424I

CPPGroup Plc

23 July 2012

 



CPPGroup

Management change

23 July 2012

CPPGroup Plc ("CPP" or the "Group") today announces that Stephen Kennedy, Chief Operating Officer, and Mike Kneafsey, Managing Director, UK & Ireland, have stepped down from their respective roles with immediate effect and will be leaving the Group on 28 September 2012.

A process to find a replacement Managing Director, UK & Ireland is underway.  During the transition period Paul Stobart, Chief Executive Officer, will take operational responsibility for the UK & Ireland business.  At this time the Group is not engaged in a process to appoint a replacement Chief Operating Officer. Going forward, the five Regional Directors will report to Paul Stobart directly.   

Paul Stobart, Chief Executive Officer, commented:

"On behalf of the Board and the company I would like to thank Stephen and Mike for their contribution and wish them both every success for the future."

For enquiries contact:

CPPGroup Plc

Helen Spivey, Head of Corporate & Investor Communications

Tel. [phone]

Tulchan Communications

John Sunnucks

Christina Clark

Tel. [phone]

 

END

 

 

BOARJMPTMBMTMTT