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23 Jul 2012 09:03
CPPGroup
Management change
23 July 2012
CPPGroup Plc ("CPP" or the "Group") today announces that Stephen Kennedy, Chief Operating Officer, and Mike Kneafsey, Managing Director, UK & Ireland, have stepped down from their respective roles with immediate effect and will be leaving the Group on 28 September 2012.
A process to find a replacement Managing Director, UK & Ireland is underway. During the transition period Paul Stobart, Chief Executive Officer, will take operational responsibility for the UK & Ireland business. At this time the Group is not engaged in a process to appoint a replacement Chief Operating Officer. Going forward, the five Regional Directors will report to Paul Stobart directly.
Paul Stobart, Chief Executive Officer, commented:
"On behalf of the Board and the company I would like to thank Stephen and Mike for their contribution and wish them both every success for the future."
For enquiries contact:
CPPGroup Plc
Helen Spivey, Head of Corporate & Investor Communications
Tel. +44 (0)1904 544387
Tulchan Communications
John Sunnucks
Christina Clark
Tel. +44 (0)20 7353 4200
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