TIDMCROS

RNS Number : 5949H

Crossrider plc

19 August 2016

19 August 2016

Crossrider plc

("Crossrider" or the "Group")

Appointment of Acting Chief Financial Officer

Crossrider (AIM:CROS), today announces the appointment of Moran Laufer as Acting Chief Financial Officer.

Moran joined Crossrider as Group Financial Controller in 2012. He was a key member of the finance team that successfully supported the Group's admission to AIM in September 2014. Prior to joining Crossrider, Moran was a Divisional Controller at SafeCharge international Ltd (AIM: SCH), a global provider of payments services, technologies and risk management solutions for online and mobile businesses. Previously Moran worked for Ernst & Young as a senior auditor of London Stock Exchange and NASDAQ traded companies primarily focused on the technology sector. Moran is a Certified Public Accountant, who graduated in Accounting and Economics and received an MBA from Tel Aviv University.

Moran has completed a handover process with Mark Carlisle, who, as announced on 31 May 2016, has today stepped down from his role as Chief Financial Officer. It is anticipated that Moran will join the Board in due course.

Commenting on the appointment Ido Erlichman, Crossrider's Group Chief Executive Officer, said:

"I am delighted that we are appointing Moran as Acting Chief Financial Officer. He has been an integral part of the finance and commercial team for the past four years and we think this is the natural next step for him and the Group. This is a good example of Crossrider's depth of talent and Moran has both strong technical and commercial expertise as well as an excellent knowledge of Crossrider's business. I look forward to working with Moran and utilising his expertise."

- Ends -

For further information contact:

 
 Crossrider plc                     +44 (0) 20 3772 2496 
  Ido Erlichman, Chief Executive      via Bell Pottinger 
  Officer 
  Moran Laufer, Acting Chief 
  Financial Officer 
 Bell Pottinger 
  David Rydell 
  James Newman 
  Sam Cartwright 
  Vrudhi Patel                      +44 (0) 20 3772 2496 
 Shore Capital 
  Bidhi Bhoma 
  Toby Gibbs                        +44 (0) 20 7408 4090

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 19, 2016 02:00 ET (06:00 GMT)

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