Directorate Change (8500K)
22 July 2011 - 1:28AM
UK Regulatory
TIDMARP
RNS Number : 8500K
Ashcourt Rowan PLC
21 July 2011
For immediate release: 21 July 2011
Ashcourt Rowan plc
("Ashcourt Rowan", "the Company" or the "Group")
Directorate Change
Jeremy Rance - Group COO - appointed to the Board
Ashcourt Rowan Plc (AIM: ARP), the wealth management group, is
pleased to announce the expansion of its Board with the appointment
of Jeremy Paul Rance (48), the Group's Chief Operating Officer, as
an Executive Director of the Company.
Jeremy joined Ashcourt Rowan as Director of Planning in June
2010, where his role included leading the negotiations on the
acquisition of the Co-op Independent Financial Adviser business in
October 2010. He was appointed as Chief Operating Officer of the
Company in January 2011 to focus on strategy and planning,
operations, IT, HR, mergers and acquisitions and joint
ventures.
Jeremy's previous positions were in senior leadership,
operational and strategy roles at AMP, KPMG and Barclays Corporate
Bank. At Barclays, he was Regional Director for Eastern Region
focussing on the mid corporate segment and subsequently led the
National Retail and Wholesale Team which was responsible for
providing all round banking services to this sector. In total
Jeremy has spent 25 years in Financial Services, holds an MBA from
Henley and is an Associate of the Chartered Institute of
Bankers.
Mark Cheshire, Group Chief Executive Officer of Ashcourt Rowan,
said:
"Since joining us, Jeremy has made a significant contribution to
the organisation across a wide range of disciplines providing us
with clarity on strategy and improving our execution performance.
I'm delighted that he is now part of the Board as we continue on
our exciting journey to deliver Ashcourt Rowan's full
potential."
Jeremy Rance, Group Chief Operating Officer, added:
"I'm very pleased to be joining the Board at such an exciting
time in the organisation's development. The business is on a much
stronger foundation following the changes of the last 18 months
years and has a talented team, capable of making further
significant progress in the run up to RDR and all the opportunities
that the evolving market presents."
In the last five years, Jeremy Rance has held the following
Directorships:
Current: Previous:
--------------------------------- --------------------------
Jeremy Rance Consulting Services Absolutefooty.com Limited
Limited
--------------------------------- --------------------------
Groom Court Owners Limited
--------------------------------- --------------------------
Jeremy Rance currently has the following notifiable interests in
the Company:
Company Long Term Incentive Plan (LTIP):
Number of Shares Date of Award Vesting Date Expiry Date
----------------- --------------- --------------- ---------------
1,333,333 1 October 2010 1 October 2011 1 October 2021
----------------- --------------- --------------- ---------------
1,333,333 1 October 2010 1 October 2012 1 October 2022
----------------- --------------- --------------- ---------------
3,333,334 1 October 2010 1 October 2013 1 October 2023
----------------- --------------- --------------- ---------------
Company 2010 Deferred Discretionary Bonus Scheme:
Number of Shares Date of Award Vesting Date Expiry Date
----------------- --------------- -------------- --------------
140,000 10 August 2010 9 August 2011 9 August 2021
----------------- --------------- -------------- --------------
There is no further information on Jeremy Rance required to be
disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM
Rules for Companies.
-Ends-
For further information please contact:
Ashcourt Rowan plc
Mark Cheshire (Group CEO) Tel: 020 7871 7350
Cenkos Securities plc
Stephen Keys (NOMAD)/Julian Morse (Sales) Tel: 020 7397 8900
GTH Communications
Toby Hall/Christian Pickel Tel: 020 3103 3903/3902
This information is provided by RNS
The company news service from the London Stock Exchange
END
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