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62.75 0.75 (1.21%)

Bid:

61.00

Ask:

64.50

Spread: 3.50 (5.738%)

Market Cap: £5.69m

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CPPGroup Makes Stephen Callaghan Permanent Chief Executive

Thu, 30th Jul 2015 09:15

LONDON (Alliance News) - Assistance products company CPPGroup PLC on Thursday said it has appointed Stephen Callaghan as its permanent chief executive officer with immediate effect.

Callaghan's appointment means Chairman Roger Canham will revert to a non-executive role, having been executive chairman since early July. Callaghan has been the company's chief executive on an interim basis since April.

Callaghan holds non-executive directorships as mobile paid-content company Lumata Holdings Ltd, commercial radar business Navtech Radar Ltd, and AIM-listed fuel cell developer Ceres Power Holdings PLC.

Shares in CPPGroup were down 4.6% to 7.01 pence on Thursday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance