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RNS Number : 3486Y
Personal Group Holdings PLC
04 May 2023
Personal Group Holdings plc
(the "Company", the "Group" or "Personal Group")
CEO Succession
Personal Group plc, the workforce benefits and services
provider, announces that following eight years on the Board,
Deborah Frost, Group Chief Executive, has notified the Board of her
intention to retire at the end of the year and will step down as
Group Chief Executive and from the Board, with effect from 31
December 2023, to pursue a portfolio career.
Following a rigorous recruitment process, the Board is pleased
to announce the appointment of Paula Constant as Group Chief
Executive and Executive Director, subject to regulatory approval.
Paula is expected to join Personal Group with effect from 1
September 2023 and an orderly transition will follow.
Deborah joined the Personal Group Board in 2015 as a
Non-Executive Director. She became Group Chief Executive in
February 2019, following the Group's acquisition of Innecto People
Consulting Limited, and has overseen an outstanding period of
change and transformation within the Group.
Paula is a highly experienced CEO, with over 20 years of
telecoms, banking and outsourcing experience, including executive
roles at National Australia Bank, Mitie, BT, Vodafone and
Accenture. She has a strong track record of delivering growth
through enhancing distribution and improving customer service in
B2C and B2B organisations. During her time with BT, she delivered
substantial improvements in B2B engineering revenues, in addition
to working with the regulator and over 500 customers to
significantly reduce delivery lead times and complaints. Paula is
currently CEO of Woven Solutions Group Limited ("Woven Group"),
which she joined in October 2020.
Martin Bennett, Chairman of Personal Group , said "On behalf of
the Board, I would like to thank Deborah for her enormous
contribution to Personal Group over the past four years as Group
Chief Executive, and previously as Non-Executive Director. She has
transformed the Group into a leading benefits provider with a broad
and highly relevant technology-led product offering. Her leadership
during the Covid period was exceptional. Deborah leaves Personal
Group extremely well positioned for future growth and we thank her
again for everything she has helped us to achieve.
"We are delighted to appoint a leader of Paula's calibre to the
role. Paula has deep consumer industry experience as well as proven
strategic capabilities, strong operational performance background
and a clear ability to build and lead teams.
"With a strong leadership team, platform and products, we remain
focussed on growth and I look forward to working with Paula to
capitalise on the many opportunities that lie ahead in the changing
UK workforce."
Deborah Frost, Group Chief Executive, said, "After over eight
years with the business, the time has come for me to pursue a
portfolio career. I am immensely proud of how our business has
developed and transformed following the challenges of the pandemic
and am privileged to have worked alongside such an amazing team.
Having delivered a year of strong underlying growth in 2022 and
with building momentum in 2023, I am confident in the prospects for
the business, and that it is in good hands with Paula."
Paula Constant, incoming Group Chief Executive, said: "I am
delighted to be joining Personal Group. Deborah leaves the Group in
a very strong position. I believe the Company can have a
significant impact on the UK workforce, more so now than ever
before, and I look forward to working with the team to capture the
opportunities for future growth."
Regulatory Disclosures:
In accordance with Rule 17 and Schedule 2(g) of the AIM Rules
for Companies, Paula Jane Brown (nee Constant), aged 44, has held
the following directorships in the past five years:
Current Directorships
Ansaback Limited
BYC Aqua Solutions Proprietary Limited
BYC Aqua Solutions UK Ltd ***
Byron Yeats Consulting Proprietary Limited
Direct Response Limited *
GoResponse Limited*
Hamsard 3516 Limited
Hamsard 3517 Limited
IPPlus (UK) Ltd *
Office Response Limited
Ostinati Limited
Paula Constant Services Ltd
Perdial Limited
The Yonder Digital Group Limited
Tpoint Solutions Limited *
Woven Employment Management Services Ltd**
Woven Solutions Group Ltd*
Woven Solutions Ltd*
Woven SAC Pty Ltd
SA Commercial Pty Ltd
Past Directorships
AQ Amorgos Holdings Limited
HSM Ltd
The Mitie Foundation
Paula Constant does not hold any ordinary shares in the
Company.
* Placed into administration on 28 March 2023 as part of the
sale of the Woven Group
** Placed into administration on 29 March 2023 as part of the
sale of the Woven Group
*** Placed into administration on 13 April 2023 as part of the
sale of Woven Group
This announcement contains inside information.
To hear more from Deborah and Paula please click here:
https://www.fmp-tv.co.uk/2023/05/04/personal-group-ceo/
For more information please contact:
Personal Group Holdings Plc
Deborah Frost (CEO) / Sarah Mace Via Alma PR
(CFO)
Cenkos Securities Plc
Camilla Hume / Callum Davidson
(Nomad) +44 (0)20 7397 8900
Russell Kerr (Sales)
Alma PR +44 (0)20 3405 0205
Caroline Forde / Joe Pederzolli personalgroup@almapr.co.uk
/ Kinvara Verdon
Notes to Editors
Personal Group Holdings Plc (AIM: PGH) is a workforce benefits
and services provider. The Group enables employers across the UK to
improve employee engagement and support their people's physical,
mental, social and financial wellbeing. Its vision is to create a
brighter future for the UK workforce.
Personal Group provides health insurance services and a broad
range of employee benefits, engagement, and wellbeing products. Its
offerings can also be delivered through its proprietary app, Hapi,
and the recently developed extension to the platform, Hapiflex.
The Group's growth strategy is centred around widening the
footprint of the business into the SME, talent-led & Public
Sectors, thereby expanding the addressable customer base. In
addition, it aims to grow in its existing industrial heartlands, to
re-invigorate growth in insurance policyholders and to drive the
use of its SaaS offerings.
Group Clients include: Airbus, Barchester Healthcare, British
Transport Police, Merseyrail, Randstad, Royal Mail Group, The Royal
Mint, the Sandwell & Birmingham NHS Trust, Stagecoach Group
plc, and The University of York.
For further information on the Group please see
www.personalgroup.com
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END
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