6 Sep 2018 10:00
Intermediate Capital Group plc (the "Company") - Board Change
The Board of the Company announces that Philip Keller will retire from his role as Chief Finance and Operating Officer during 2019.
Mr Keller, who has served as CFO since joining the Company in 2006, will remain in his role until a successor is in place so as to ensure a smooth transition. Following his departure, he does not intend to take up another executive position, preferring to pursue his interests outside the City.
Kevin Parry, Chairman, said: "We are grateful to Philip for his long service on the Board and as part of the executive management team since 2006. During this time he has contributed significantly to the Company's successful development and growth into a leading specialist asset manager. Once a successor is in place, he will leave with our thanks and best wishes for the future."
Benoit Durteste, Chief Executive, said: "ICG is in excellent health and on track for another strong set of results. I have been grateful for Philip's wise counsel, particularly in the six years we have served together as senior management of the Company and I wish him well for his future outside executive life."
Philip Keller said: "It has been a privilege to work at ICG and it is now the right time for me to further my musical studies and broader charitable interests. The Company is well-positioned to achieve its future strategic goals and I look forward to helping my colleagues deliver value for clients and shareholders in the coming months through the smooth transition to my successor."
The Company's performance and outlook remain in line with previous guidance given to the market. A further announcement in respect of succession to the CFO role and the timing of Mr Keller's departure will be made in due course.
Contacts:
Alicia Wyllie
Corporate Communications, ICG plc
D: +44 (0) 20 3201 7994
M: +44 (0) 7808 610 080
Alicia.wyllie@icgam.com
Ian Stanlake
Investor Relations, ICG plc
D: +44 (0) 20 3201 7880
ian.stanlake@icgam.com
Andy Lewis
Company Secretary, ICG plc
D: +44 (0) 20 3201 7754
andrew.lewis@icgam.com