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Record PLC - Windsor, England-based currency and derivatives manager - Chief Financial Officer Steve Cullen announces intention to retire in summer this year. He will remain available on an advisory basis, to support the handover and transition of his responsibilities. Record simultaneously announces hiring of Richard Heading as new CFO, and says it will confirm the exact date of his appointment in due course. Heading was most recently group finance director of IG Group Holdings PLC, having previously served as its business finance director from September 2018 to March 2021. News follows announcement in November that Chief Executive Officer Leslie Hill will also retire on March 31, with Record formerly installing Jan Witte as her replacement on April 1. CFO Cullen has spent 20 years at Record and was promoted to CFO in 2013.
Cullen says: "I have no doubt that [Record] will continue to be successful and will deliver on its plans for growth and diversification, and I intend to remain a shareholder and will follow its progress with interest."
Current stock price: 72.40 pence, up 2.0% on Monday morning in London
12-month change: down 25%
By Emma Curzon, Alliance News reporter
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