John Laing Group plc Appointment of Chief Financial Officer (5760K)
05 January 2021 - 6:02PM
UK Regulatory
TIDMJLG
RNS Number : 5760K
John Laing Group plc
05 January 2021
APPOINTMENT OF CHIEF FINANCIAL OFFICER
5 January 2021
John Laing Group plc
Appointment of Rob Memmott as new CFO
John Laing Group plc ("John Laing" or the "Company") today
announces the appointment of Rob Memmott as Chief Financial Officer
("CFO") with effect from 6 January 2021.
Rob has over 20 years' experience in senior financial leadership
roles and has significant experience as a listed company finance
director. He was most recently the Chief Financial Officer of
Praetura Group, a privately owned financial services business.
Prior to this, he was the Group Chief Financial Officer of Arrow
Global Group Plc between September 2011 and January 2018, where he
led the business through its IPO, and was responsible for an
international balance sheet business covering all financial
matters, treasury, fund raising, investor relations and asset
pricing. Rob's previous roles included Chief Financial Officer for
Leeds Bradford International Airport Limited and Servisair and
Finance Director for Alfred McAlpine. He qualified as a chartered
accountant with KPMG in Manchester.
Will Samuel, John Laing Chairman, commented : "We are pleased
that Rob will be joining John Laing. He brings strong financial and
listed company experience. His leadership of the Finance team will
enable it to support John Laing's strategy and future growth."
Ben Loomes, Chief Executive Officer said : " I am delighted to
welcome Rob to John Laing. Rob brings valuable experience and
skills which will further strengthen and support our team. I am
very much looking forward to working with Rob as we implement our
strategic priorities and develop the John Laing business."
Remuneration
Rob Memmott's service contract, remuneration and benefits on
appointment will be consistent with John Laing's Directors'
Remuneration Policy approved by shareholders at the Annual General
Meeting held on 9 May 2019. A summary of the key terms is provided
here:
His basic salary will be GBP390,000. He will participate in the
Annual Bonus Scheme for Executive Directors with a maximum bonus
opportunity of 100% of basic salary. The bonus will be pro-rated to
reflect actual service during the year. Bonus targets and
parameters are set each year by the Remuneration Committee. In
addition, he will receive an LTIP award of 168% of salary under the
Company's Long-Term Incentive Plan in the grant window that follows
his date of joining in accordance with the terms of the Company's
Remuneration Policy.
A pension allowance of 8% of basic salary will be provided. He
will also receive private medical and dental insurance, permanent
health insurance and life assurance, as well as temporary travel
and accommodation support for a twelve month period following his
start date.
There are no other matters relating to Rob Memmott which would
require disclosure under Listing Rules 9.6.13R.
Further information
Analyst/investor enquiries:
Kellie McAvoy, Head of Investor Relations +44 7923 249298
Media enquiries:
Matthew Denham, Teneo +44 7825 735 596
Camilla Cunningham, Teneo +44 7464 982 426
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END
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