Connect Group PLC Appointment of Chief Financial Officer (1762E)
July 14 2016 - 2:31AM
UK Regulatory
TIDMCNCT
RNS Number : 1762E
Connect Group PLC
14 July 2016
Connect Group PLC
('Connect Group', 'the Company' or 'the Group')
Appointment of Chief Financial Officer
Connect Group, a leading specialist distributor operating in
four divisions; News & Media, Books, Education & Care and
Parcel Freight is pleased to announce that David Bauernfeind has
been appointed Chief Financial Officer, starting with the Company
on 15 August 2016.
As announced in January 2016, current Chief Financial Officer,
Nick Gresham, will be stepping down from his role and the Board to
pursue new opportunities. Nick will stand down from the Board and
David will join the Board on 1 October 2016. Nick will remain with
the Company until later in the calendar year to ensure a thorough
and smooth handover to David.
David was previously Chief Financial Officer and Executive
Director at Xchanging PLC, a position he held from 2011 until its
takeover and delisting in June 2016. David was also a director of
Xchanging Solutions Limited (formerly Cambridge Solutions Limited),
a subsidiary of Xchanging PLC with a dual listing on the National
Stock Exchange of India and the Bombay Stock Exchange. Before
joining Xchanging in 2001, David held management roles in BAE
Systems PLC and Johnson Matthey PLC. David is a chartered
accountant.
Mark Cashmore, Group Chief Executive, commented:
"I am delighted to welcome David to the Group. He brings
substantial experience and a track record of delivering strategic
and operational change in fast moving environments. His
capabilities in corporate development and commercial negotiation
will be an asset to the Group as we pursue our strategy to grow and
diversify in specialist distribution markets."
There are no further disclosures required pursuant to paragraphs
9.6.11 to 9.6.13 of the Listing Rules.
Enquiries:
Connect Group PLC
Mark Cashmore, Group Chief Executive
Tel: 01793 563641
Buchanan
Sophie McNulty
Richard Oldworth
Tel: 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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