Appointment of Chief Executive

RNS Number : 9547S

Personal Group Holdings PLC

29 November 2011

 



Press Release

29 November 2011

Personal Group Holdings plc

("Personal Group" or "the Company")

Appointment of Chief Executive

The Company is pleased to announce the appointment of Mark Scanlon (43) as group chief executive designate. Mark will be appointed as chief executive of the Company as soon as the appointment has been approved by the Financial Services Authority.

Mark previously spent four years at FMG Support Ltd., the UK's leading incident management and roadside assistance provider, where he served as managing director, becoming chief executive in January 2011.  Mark had full responsibility for approximately £100 million turnover and led the board and a workforce of 400 people.  Prior to that, he was general manager and managing director of Commercial Division at Dyson Ltd., where he established a new division of the business in the UK and overseas, launching the Dyson Airblade globally.  From 2002 to 2005, Mark held the position of head of global business development at BAE Systems plc.

Mark Scanlon, group chief executive designate, commented:  "Personal Group is a company with a strong heritage and a wealth of possibilities.  To be able to lead this successful company through the next stage of its development is really exciting."

Chris Curling, chairman of the Company, commented:  "We are delighted to welcome Mark to the board.  His track record of building and growing businesses over the last 15 years will greatly benefit the company, and put us in a strong position to respond to the current and future needs of clients.  I would like to welcome him on behalf of the group and wish him every success in his new appointment."

Ken Rooney, who had temporarily resumed the position of group chief executive, will continue with his role as director and deputy chairman. 

Mark was a director of FMG Support Ltd until September 2011. There are no other disclosures required under Schedule 2 paragraph (g) of the Aim rules.

-ENDS -

For more information please contact:

Personal Group Holdings Plc
John Barber, Financial Director	[phone]

Cenkos Securities Plc
Stephen Keys	[phone]

Media enquiries:

Abchurch Communications
Joanne Shears / Mark Dixon	[phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

Personal Group Holdings Plc (AIM: PGH) is a leading provider of employee benefits and financial services, established in 1984 and with offices and clients across the UK.

The group primarily provides tailored employee benefits programmes to businesses throughout the UK.  These programmes include insurance products such as hospital and convalescence plans, death benefit and income protection plans; lifestyle benefits such as holiday and retail discounts; flexible benefit programmes; a range of tax efficient benefits such as childcare vouchers; and employee assistance programmes.  The group generates the majority of its revenue through the underwriting of hospital and convalescence plans.  Through its expertise in producing, communicating and implementing successful benefit solutions, the group has helped over 400 leading UK companies recruit, retain and motivate the best people.  In total the group provides access to benefits for 1.2 million employees, and clients include Pirelli, Brake Bros, TNT, UK Mail, Regatta, Road Chef and Vinci.

In addition the group offers financial planning and broking services and through its Berkeley Morgan, Universal Provident and Rapidinsure brands provides access to private medical insurance as well as home, contents and travel insurance.

The group boasts considerable financial strength, with a 25 year track record of profitable growth since 1986.  For the year to 31 December 2010 the group reported revenue of £27 million.  With a strong balance sheet and a progressive dividend policy, Personal Group's vision is to be the provider of choice in employee benefits and financial services.  The group's development to date has been achieved principally through strong organic growth.

Personal Group is headquartered in Milton Keynes, was floated on AIM in 2000 and today employs over 160 people.

For further information, go to www.personal-group.com.

 

END

 

 

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