Retirement of CFO

RNS Number : 8859O

Personal Group Holdings PLC

04 June 2020

 

Press Release

4 June 2020

Personal Group Holdings plc

("Personal Group", the "Company" or the "Group")

Retirement of CFO

Personal Group, a leading provider of employee services in the UK, advises that Mike Dugdale the CFO has confirmed his intention to retire on 30^th September 2020.

Sarah Mace, the Group Financial Controller and Company Secretary, will be appointed as Interim CFO on 30^th September 2020.

Mike will leave the Company on 30^th September allowing an orderly handover and transition.

Mark Winlow, Chairman of Personal Group, commented:

"We have enjoyed the benefit of Mike's broad experience for over 7 years which has seen him contribute across a wide range of our activities.  As well as establishing a very capable finance function, Mike has been at the vanguard of acquiring Innecto and Let's Connect and provided a strong link with our investors.  As Chairman, I have benefitted from his contribution as a board director where he has provided guidance and challenge in addition to his executive responsibilities. I wish Mike well in his retirement.

''I am particularly pleased that we have such a strong internal candidate in Sarah, who can step into the interim CFO role at this particularly challenging time."

- ENDS -

For more information please contact:

Personal Group Holdings Plc
Deborah Frost / Mike Dugdale	[phone]
Cenkos Securities Plc
Max Hartley / Callum Davidson (Nomad)	[phone]
Russell Kerr (Sales)
Hudson Sandler
Nick Lyon / Lucy Wollam	[phone]

Notes to Editors

Personal Group Holdings Plc (AIM: PGH) is a technology enabled employee services business, working with employers to drive productivity though better employee engagement and a more motivated workforce. With over 35 years' experience, the Company provides employee benefits and services to a large number of employees across the UK.

Personal Group's offer comprises in-house services, including employee insurance products (hospital, convalescence plans and death benefit), the provision of home technology via salary sacrifice (iPads, computers, laptops, smart phones and smart TVs), the provision of e-payslips, and pay and reward consulting via Innecto, the leading independent UK consultancy acquired in 2019. Third party services include retail discounts, employee assistance programmes, wellbeing programmes and salary sacrifice cars and bikes.

The product offer is provided via the Company's proprietary technology platform, Hapi. The platform is intuitive, designed primarily for app deployment and also accessible via web and tablet, driving better engagement, communication and value recognition. Hapi is flexible and can quickly integrate additional services, such as existing employee services and partner platforms. Hapi is a digital SaaS product.

Through technology and select acquisitions, the Company has grown its addressable market to the majority of the working population in the UK; including 15.6m SME employees targeted via its partnership with Sage, the UK's largest software company. 

Personal Group's innovative approach to using technology to deliver its programmes, in combination with its employees-paid insurances delivers a compelling offer to blue-chip clients across the UK as a way of attracting, retaining and motivating employees.  The acquisition of Innecto in February 2019 allows Personal Group to engage with clients earlier in their thinking around Pay and Reward, and to interact with a new base of blue-chip and fast growth clients typically at HR Director and CEO level.

Personal Group has a strong client base across a diverse range of sectors. Clients include: Arsenal F.C., Barchester Healthcare Ltd, DHL Supply Chain Limited, The Go-Ahead Group plc, Samworth Brothers Ltd, Independent Television News, Stagecoach Group plc and Wincanton plc.

For further information, please see   www.personalgroup.com

 

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