Directorate Change

RNS Number : 1377R

CPPGroup Plc

25 June 2015

 



CPPGROUP Plc

25 June 2015                           

DIRECTORATE CHANGE

CPPGroup Plc (CPP or the Group), the International Assistance business, today announces that Craig Parsons has decided to step down from his role as Chief Financial Officer after 13 years with the business.

Craig has held a senior role in CPP's Group Finance function since 2002 and has been the Group's Chief Financial Officer since September 2013. He played a leading role in refinancing the Group in July 2013, and most recently in securing new equity funding for the business in December 2014 alongside restructuring the Group's balance sheet.

The Board is engaged in a search for Craig's successor and this process is already at an advanced stage. Craig will remain in his role until the publication of the Group's Half Year Report in August to ensure a smooth and orderly transition with his successor.

Craig Parsons commented:

"I have thoroughly enjoyed my time at CPP over the last thirteen years. With the recent work to strengthen the Group's financial position now completed, I feel that it is the right time for me to explore new challenges. I would like to thank everyone at CPP for supporting me over the years and wish the team the very best for the next stage of the journey."

Eric Anstee, Executive Chairman, commented:

"Craig has given a huge amount to CPP during his time here and has been a valued colleague and an excellent CFO. He leaves with our very best wishes for his continued success in the future."

Enquiries

CPPGroup Plc 

Eric Anstee, Executive Chairman

Stephen Callaghan, interim Chief Executive Officer

Tel: [phone]

Lorraine Beavis, Group Company Secretary

Tel: [phone]

Media

Tulchan Communications: Martin Robinson

Tel: [phone]

Sponsor and Broker 

Numis Securities Limited: Robert Bruce; Stuart Skinner; Charles Farquhar

Tel: [phone]

Notes to Editors

CPPGroup Plc (CPP or the Group) is an international assistance business operating in the UK and overseas. CPP primarily operates a business-to-business-to-consumer (B2B2C) business model providing products and services to customers through Business Partners and direct to consumer. The Group's core assistance products help to provide security and are designed to make everyday life easier to manage.

As announced on 15 April 2015, Stephen Callaghan's appointment as interim Chief Executive Officer is pending regulatory approval

For more information on CPP visit www.cppgroupplc.com

REGISTERED OFFICE

CPPGroup Plc

Holgate Park

York

YO26 4GA

Registered number: 07151159

 

END

 

 

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