Northgate PLC CFO Appointment (5246S)
26 June 2018 - 4:01PM
UK Regulatory
TIDMNTG
RNS Number : 5246S
Northgate PLC
26 June 2018
26 June 2018
NORTHGATE PLC
Appointment of Chief Financial Officer
Northgate plc, the leading light commercial vehicle hire
business in the UK, Spain and Ireland, is pleased to announce the
appointment of Philip Vincent as Group CFO and Executive Director
with effect from 16 July 2018. David Tilston, the current Interim
CFO, will remain in the business for a short period to facilitate
an effective handover to Philip.
Philip was most recently at SABMiller plc where he was Regional
Finance Director, Asia Pacific and had previously been Director of
Group Finance and Control. Prior to this Philip spent three years
as Chief Financial Officer of BBC Worldwide, the main commercial
arm of the BBC, following a range of senior financial roles there
spanning over ten years. A member of the Institute of Chartered
Accountants, Philip began his career at KPMG in London and New York
and subsequently worked in several financial roles at Bunzl
plc.
Andrew Page, Chairman of Northgate, commented:
"I am delighted to welcome Philip Vincent to the Board of
Northgate. He brings a wealth of relevant financial and commercial
experience gained in a wide range of senior roles, in the UK and
internationally, which will enable him to make a significant
contribution to Northgate's future success. I would like to thank
David Tilston for undertaking the role of CFO on an interim
basis."
Kevin Bradshaw, Chief Executive of Northgate, commented:
"Philip is a high calibre finance professional whose career to
date makes him very well suited to support the execution of our
strategy. I look forward to working closely with him to drive
forward the transformation of our UK business, maintain our rapid
growth in Spain and achieve our ambitious goals for Northgate."
Notes
Philip Vincent has been appointed on an annual salary of
GBP330,000, effective from 16 July 2018. He will receive an annual
pension contribution equivalent to 18% of his base salary. Philip's
maximum annual bonus opportunity is 100% of base salary and
Executive Performance Share Plan (EPSP) award will be 150% of base
salary. His annual bonus and EPSP award will be prorated for the
first year of employment. All elements of remuneration are in line
with the Company's Executive Director Remuneration Policy. There
are no buy-out awards to compensate for forfeiture of remuneration
from a previous employer.
There is no further information that is required to be disclosed
under LR 9.6.13.
This announcement contains inside information.
ENDS
For further information, please contact:
Northgate plc 01325 467558
Katie Tasker-Wood, Company
Secretary
David Boyd, Investor Relations 07841 629823
MHP Communications 020 3128 8771 / northgate@mhpc.com
Andrew Jaques
Barnaby Fry
Simon Hockridge
Ollie Hoare
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCPGUQWQUPRGMA
(END) Dow Jones Newswires
June 26, 2018 02:01 ET (06:01 GMT)
Redde Northgate (LSE:REDD)
Historical Stock Chart
From Apr 2024 to May 2024
Redde Northgate (LSE:REDD)
Historical Stock Chart
From May 2023 to May 2024