Directorate Change

RNS Number : 7960S

Fairpoint Group PLC

28 December 2016

 

28 December 2016

Fairpoint Group plc

Directorate change

Fairpoint Group plc ("Fairpoint" or "the Group") announces that Chris Moat, the Chief Executive Officer of Fairpoint, is stepping down from the Board by mutual agreement with immediate effect. Chris will provide continuing assistance on the closure of the Group's Debt Management Plan business, which is scheduled to complete in Q1 2017.

David Harrel, currently Non-Executive Chairman, will for the interim period assume the role of Executive Chairman alongside David Broadbent, Chief Financial Officer, who will assume a broader range of responsibilities. The search for a new Chief Executive Officer to lead the business has commenced and a further update will be provided in due course.

For enquiries please contact:

Shore Capital (Nomad and Joint Broker)

Mark Percy                                                                                                         020 7408 4090

Edward Mansfield

Panmure Gordon & Co (Joint Broker)                                                    

Dominic Morley                                                                                                020 7866 2500

Charles Leigh-Pemberton

MHP Communications

Reg Hoare                                                                                                          [e-mail]

Katie Hunt                                                                                                          020 3128 8794

Fairpoint Group plc

David Broadbent, Chief Financial Officer                                                     020 3128 8794                   

 

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