Directorate Change

RNS Number : 1252X

Paragon Group Of Companies PLC

09 February 2012

 



DIRECTOR APPOINTMENT

The Board of Directors of The Paragon Group of Companies PLC ("Paragon") is pleased to announce the appointment of Mr Richard Woodman to the Board as Director - Corporate Development with immediate effect.  He has also, with immediate effect, been appointed as Managing Director of Idem Capital Limited, the Group's investment division.

Mr Woodman, a member of the Chartered Institute of Management Accountants, joined the Group in 1989 and he has held various senior strategic and financial roles at Paragon, latterly as Director of Business Analysis and Planning.  More recently he has taken a lead role in the Group's strategic development and, in particular, in the portfolio acquisition programme through the Group's subsidiary, Idem Capital.  This has resulted in delivering a number of portfolio acquisitions and servicing contracts since late 2009.  Idem's total investment to date has been £145.2 million which, together with third party servicing contract additions, has resulted in the number of accounts under management increasing from 120,000 to 335,000.

For further information, please contact:

Bob Dench

Chairman

Tel [phone]

Nigel S Terrington

Chief Executive

Tel [phone]

John G Gemmell

Company Secretary

Tel [phone]

 

END

 

 

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