2 Oct 2012 07:00
Date: | 2 October 2012 |
On behalf of: | Charles Taylor plc ("Charles Taylor" or the "Company") |
Embargoed until: | 0700hrs |
Charles Taylor plc
Appointment of Interim Group Chief Financial Officer
Charles Taylor plc (LSE: CTR), a leading international provider of professional services to clients in the global insurance market, announces the appointment of Tito Soso as Interim Group Chief Financial Officer in succession to George Fitzsimons, Group Finance Director. As previously announced, George will be stepping down as an Executive Director and as Group Finance Director of the Company on 31st October 2012. To ensure a smooth handover, Tito joins the Group on 1st October.
The company is progressing the search for a permanent Group Chief Financial Officer and a further announcement will be made in due course. In the meantime, Tito will assume all the responsibilities of the position after George's departure.
Tito Soso, aged 45, was most recently a Managing Director in Investcorp's European Investment team where he was responsible for leading private equity transactions across Europe. In this role he held non-executive director and acting CFO positions in a variety of portfolio companies. Prior to joining Investcorp, he was a member of the Corporate Finance practice of McKinsey, advising financial investors and corporate clients on strategic and operational matters as well as due diligence processes. Previously, he spent eight years with the Schindler Group where he held various positions, including finance director in the U.K. and in Eastern Europe.
Commenting, David Marock, Group Chief Executive, Charles Taylor plc said:
"Tito has extensive experience in both permanent and interim senior financial officer roles and we are very pleased to welcome him to the Group. His breadth of knowledge across different industry sectors and strategic insight will be of immense value as we implement our strategic plan for growth. We remain committed to finding a permanent Group Chief Financial Officer to help drive the business forward and will update the market in due course.
"We would like to take this opportunity to thank George for his contribution during his time with the Group and wish him well in the future."
-ENDS-
Enquiries:
Charles Taylor plc | www.ctplc.com |
David Marock, Group Chief Executive Officer | Via Redleaf Polhill |
Mike Lord, Group Communications Director | |
Redleaf Polhill | ct@redleafpolhill.com |
Emma Kane/Rebecca Sanders-Hewett/ David Ison | 020 7566 6720 |
Notes to editors
About Charles Taylor plc
·; Charles Taylor plc, headquartered in London, is a leading international provider of professional services to clients in the global insurance market. The Group has been providing professional services to insurance clients since 1885 and today has 900 staff in 48 offices spread across 24 countries in the UK, the Americas, Asia Pacific, Europe and the Middle East.
·; The Group offers services across the whole insurance market, principally on a fee-based model and operates through three professional services businesses - Management, Adjusting and Insurance Support Services. Charles Taylor also has a Run-off business that owns insurance companies which are closed to new business.
·; Charles Taylor's vision is to become the professional services provider of choice to the insurance market.
Further information is available at www.ctplc.com
Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.