Last checked at 11 Jul 2023 07:00
11 July 2023
Christie Group plc
("Christie Group" or the "Company")
Group Chairman and Chief Executive Succession
Christie Group plc (CTG.L) announces that David Rugg will step down as Group Chairman and Chief Executive with immediate effect.
Hwfa Gwyn, Non-executive Director, said:
"On behalf of the Board and my colleagues, I would like to take this opportunity to thank David for his significant contribution to the business over many years. We wish David all the very best for the future."
Simon Herrick, one of the Group's two independent non-executive directors, has accepted the Board's invitation to Chair the Board on an interim basis as the Board commences the process of identifying and appointing an Independent Non-Executive Chair. That process will be led by the Nominations Committee and its own Chairman, Andrew Doyle.
Daniel Prickett, the Group's Chief Operating Officer, has been appointed as the new Chief Executive. Mr Prickett commented: "I'm delighted to have been asked by the Board to lead our exceptionally talented team of people across this unique and exciting Group, and I look forward to working with all of my colleagues to deliver for our stakeholders in the years ahead."
The Group expect to incur some one-off exceptional costs this financial year relating to Mr Rugg's departure and his contract of employment.
Interim results for the six months ended 30th June 2023 are expected to be released in September.
Enquiries:
Christie Group plc
Daniel Prickett 07885 813101
Chief Executive
Shore Capital
Patrick Castle 020 7408 4090
Henry Willcocks
Iain Sexton
Nominated Advisor and Broker
Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional business services group with 38 offices across the UK and Europe, catering to its specialist markets in the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.
Christie Group operates in two complementary business divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PFS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.
Tracing its origins back to 1846, the Group has a long-established reputation for offering valued services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.
This announcement relates to the disclosure of information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
For more information, please go to www.christiegroup.com.