STM Group PLC Board Changes (6390N)
October 01 2021 - 01:00AM
UK Regulatory
TIDMSTM
RNS Number : 6390N
STM Group PLC
01 October 2021
STM Group Plc
("STM", the "Company" or the "Group")
Board Changes
As announced on 3 February 2021, the Board of STM Group plc
confirms that after 18 years' service, seven as a main board
director, Therese Neish will step down as Chief Financial Officer
and Director of the Company with effect from 1 October 2021.
Therese will remain in the business until 31 October 2021 to
facilitate an orderly handover. The Board is indebted to Therese
for her expertise and dedication to the Company over the course of
almost two decades. Therese leaves with our thanks and best
wishes.
As announced on 12 August 2021, having completed an orderly
handover, Pete Marr will leave STM on 31 October 2021 as part of
the Board review of the historic operating model post the sale of
the CTS businesses and improvements in the structure, control and
governance of the Group. Pete's contribution has been significant
in delivering this change, for which the Board is grateful and
wishes him the best for the future.
The Board is delighted to confirm the appointment of Nicole Coll
as Chief Financial Officer, with effect from 1 October 2021. Nicole
brings with her extensive leadership experience in the regulated
financial services sector, most recently as Chief Financial Officer
of Bank and Clients Plc, and prior to that as Chief Financial
Accountant at the Bank of England. Nicole is currently a
non-executive Director of Dudley Building Society and the British
Friendly Society.
Alan Kentish, CEO, commented: "I would like to take this
opportunity to thank Therese and Pete for all their hard work and
service to STM. Pete has been instrumental over the last few years
in revising our operating model into something that will allow us
to scale up easily going forward. I have had the privilege of
working with Therese for almost two decades, she has been a true
friend and you could not find a more hard-working and conscientious
individual. I wish Pete and Therese all the best in their future
ventures.
"As we end a chapter of STM's journey and start the next, I am
delighted and excited to welcome Nicole to the executive team.
Nicole has a track record of working with fast growing and
innovative businesses, and I am sure her input to the Plc board
will be greatly appreciated."
Nicole does not currently own any shares in the Company.
The following matters fall to be disclosed under Schedule 2(g)
of the AIM Rules for Companies:
Nicole Coll (née Foster), 45, is or has been a director in the
following companies during the past five years:
British Friendly Society (current)
Dudley Building Society (current)
Bank and Clients plc
The Board confirms that no further disclosures are required
pursuant to Schedule 2, paragraph (g) of the AIM Rules for
Companies in respect of the proposed appointment of Nicole Coll to
the Board of STM Group plc.
For further information, please contact:
STM Group Plc
Alan Kentish, Chief Executive Officer Via Walbrook PR
www.stmgroupplc.com
FinnCap www.finncap.com
Matt Goode / Abigail Kelly - Corporate Finance Tel: +44 (0) 20 7220
Tim Redfern / Richard Chambers - ECM 0500
Walbrook www.walbrookpr.com
Tom Cooper / Paul Vann Tel: +44 (0) 20 7933
8780
Mob: +44 (0) 797 122
1972
STM@walbrookpr.com
Notes to editors:
STM is a multi-jurisdictional financial services group traded on
AIM, a market operated by the London Stock Exchange. The Group
specialises in the administration of client assets in relation to
retirement, estate and succession planning and wealth
structuring.
Today, the Group has operations in the UK, Gibraltar, Malta and
Spain. STM has developed a range of pension products for UK
nationals and internationally domiciled clients and has two
Gibraltar life assurance companies which provide life insurance
bonds - wrappers in which a variety of investments, including
investment funds, can be held.
STM's growth strategy is focused on both organic initiatives and
strategic acquisitions.
Further information on STM Group can be found at
www.stmgroupplc.com
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