CPPGroup Plc Directorate Change (8596M)
August 30 2013 - 4:50AM
UK Regulatory
TIDMCPP
RNS Number : 8596M
CPPGroup Plc
30 August 2013
Appointments
30 August 2013
Appointment of Chief Executive Officer and Chief Financial
Officer
Further to the notice of management changes of 31 July 2013,
CPPGroup Plc ("CPP" or the "Group") today announces the appointment
of Brent Escott as Chief Executive Officer and Craig Parsons as
Chief Financial Officer with effect from 1 September 2013.
Brent joined CPP on 17 June 2013 in the role of Interim Deputy
CEO. He has over 20 years' experience in the insurance industry,
most recently as Managing Director, General Insurance Division at
Capita plc where he oversaw the commercial insurance business and,
in addition, operations in Netherlands, Denmark and France. Brent
was previously Managing Director of the UK division of Brit
Insurance Holdings PLC and was founder and Managing Director of
Club Direct Insurance Services Limited.
Craig has held a senior role in CPP's Group finance function
since 2002, his most recent position being Director Tax &
Treasury, and in this capacity he sat on the Group Executive
Committee and Group Operating Committee. Craig has held primary
responsibility for the Group's lender relationships and played a
leading role in the successful refinancing of the business in July
2013. He qualified as a Chartered Accountant with PwC in 1995 and
has 18 years' experience of working in the Financial Services
industry.
Brent Escott, Chief Executive Officer, commented:
"Significant progress has been made over the past two years to
refocus the business following the onset of the FCA's
investigation. During my first two months at CPP I have experienced
a determined company that is working hard to put its historic
issues behind it after a period of immense challenge. There remains
much work to be done to reposition the business for the future and
I look forward to leading CPP in the next phase of its
development."
Craig Parsons, Chief Financial Officer, commented:
"My 12 years with CPP mean that I know the business
exceptionally well and have a comprehensive understanding of the
issues we face. Significant financial challenges remain, but the
recent refinancing represents a more stable platform for the
business and I am looking forward to working alongside Brent to
support the repositioning of the Group."
Enquiries:
CPPGroup Plc
Brent Escott, Chief Executive Officer
Craig Parsons, Chief Financial Officer
Tel: +44 (0) 1904 544 372
Media
Tulchan Communications
Martin Robinson
David Allchurch
Tel: +44 (0) 20 7353 4200
Notes to Editors
CPPGroup Plc (CPP) is an International Assistance business
operating in the UK and overseas with more than 200 Business
Partners worldwide. Via its Business Partners, CPP provides Life
Assistance products to consumers, which includes annually renewed
and packaged products that provide assistance and insurance across
a wide range of market sectors designed to make everyday life
easier to manage.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAPMMLTMBIJMLJ
Cppgroup (LSE:CPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cppgroup (LSE:CPP)
Historical Stock Chart
From Jul 2023 to Jul 2024