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(Alliance News) - IWG PLC on Thursday said it promoted Glyn Hughes to chief financial officer, replacing Eric Hageman.
Hughes previously held senior financial and executive roles at Jardine Matheson Holdings Ltd, where he was in charge of franchises across different markets. He was also chief financial officer of Mothercare PLC before joining IWG, an office space provider, last year.
Hughes takes over as chief financial officer today. Hageman will stay for a transitional period to ensure a smooth handover, IWG said.
"Glyn is a capable leader who brings highly relevant international franchising experience to IWG's finance and operations teams. We look forward to working with Glyn in his new role as we continue our strategic transformation to a capital light model to accelerate growth," IWG Chair Doug Sutherland said.
Shares in IWG fell 1.0% to 342.60 pence in London.
By Ivan Edwards; ivanedwards@alliancenews.com
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