CPPGroup Plc Board Changes (9472A)
08 February 2022 - 6:01PM
UK Regulatory
TIDMCPP
RNS Number : 9472A
CPPGroup Plc
08 February 2022
8 February 2022
CPPGroup plc
("CPP Group", the "Group" or the "Company")
Board Changes
CPP Group (AIM: CPP) a provider of assistance and insurance
products which reduce disruptions to everyday life for millions of
customers across the world is today announcing the following Board
changes.
Jason Walsh, Chief Executive Officer, will step down from the
Board and leave the Company at the end of February 2022 after
almost six years in his current role, and almost twenty years of
service to the Group. The Board is pleased to announce that his
successor as Chief Executive Officer will be Simon Pyper, the
current Chief Financial Officer. Furthermore, the Board is pleased
to announce the appointment of David Bowling, an internal candidate
with ten years' service to the Group, as Chief Financial Officer,
subject to the satisfactory completion of due diligence by the
Nominated Adviser. A further announcement with regard to David
Bowling will be made in due course.
David Morrison, Non-Executive Chairman of CPP Group,
commented:
"Jason became Chief Executive Officer of CPP Group in 2016
following several years of regulatory and financial tribulations.
In the last six years, he has guided the Group to a point where it
is financially stable, and where the potential for growth is
enhanced. During his tenure, our businesses in India and Turkey, in
particular, have enjoyed notable success and steps have been taken
to position the Group's product portfolio for the digital age. All
his friends and colleagues in the business wish him all the best in
his future endeavours. On behalf of the Board, and personally, I
would like to thank him for the role that he has played and for his
contribution to the business during his tenure.
I am also delighted to welcome Simon Pyper as Chief Executive
Officer, who will now guide the business as it seeks to exploit the
many opportunities that lie ahead."
Jason Walsh said:
"I am very proud to have led the team that has helped make CPP
Group the success it is today and to have transformed the business
to enable it to take advantage of future opportunities. I wish the
new management team the best as they seek to capitalise on the good
progress made over the last few years. I remain a strong advocate
of the Company and look forward to following its progress over the
coming years."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as amended by The
Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the
publication of this announcement via the Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Enquiries:
CPP Group plc
David Morrison, Chairman Tel: +44 (0)7881 943213
Simon Pyper, Chief Executive
Officer
Liberum Capital Limited
(Nominated Adviser and Sole Tel: +44 (0)20 3100 2000
Broker)
Richard Lindley
Lauren Kettle
Kane Collings
Christopher Whitaker
Alma PR
(Financial PR Adviser) Tel: +44 (0)20 3405 0205
Josh Royston
David Ison
Kieran Breheny
Faye Calow
About CPP Group:
CPP Group creates assistance and insurance products which reduce
the disruptions to everyday life for millions of people across the
world. These products are provided through partnerships with
leading insurance, banking and finance companies as either as
embedded solutions or as relevant add-ons to enhance their core
offering and deliver additional revenue streams. CPP Group is
listed on AIM, operated by the London Stock Exchange.
For more information on CPP visit
https://international.cppgroup.com/
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END
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