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28 Jul 2017 07:01
28 JULY 2017
Numis Corporation Plc
Board Changes
The Board of Numis Corporation Plc ("Numis") today announces the following changes:
Simon Denyer will stand down from the Board in January 2018 and will be succeeded by Andrew Holloway. After more than 11 years with the firm, Simon has decided to leave the business to pursue other opportunities but will provide a thorough handover to his successor before he departs. The appointment of Andrew Holloway as an Executive Director and Chief Financial Officer is subject to regulatory approval.
Lorna Tilbian has informed the Board of her decision to leave the Company after more than 16 years of service in order to pursue other opportunities. She will stand down from the Board with effect from 30 September 2017 and will leave the business on 31 December 2017.
Marcus Chorley will stand down from the Board with effect from 30 September 2017. Marcus will remain within the business in his current role of Chairman of Equities and continue to serve as executive director of the subsidiary company board of Numis Securities Limited.
Commenting on the changes, Alan Carruthers, Chairman of the Board said:
"The Board is enormously grateful to both Simon and Lorna for the significant contribution they have each made to the development and success of Numis. On behalf of the entire Board, I wish them well in their individual endeavours.
As sign-posted in the Company's most recent annual report and accounts, the composition of the Board has been subject to further review during 2017. Consequently, it is being streamlined to reflect a more balanced mix of executive and non-executive directors as was seen prior to the beginning of the firm's CEO succession planning which completed last year. As a result, Marcus has agreed to stand down. I would like to thank Marcus for his service to the Board and look forward to his continuing valued contribution to the Equities business.
The Board strongly believe that Andrew has the attributes to make a positive contribution to the continued development of Numis in the role of Chief Financial Officer. I look forward to welcoming him to the Board in due course".
END
Contacts
Alex Ham and Ross Mitchinson 020 7260 1425
Co-Chief Executive Officers
Brunswick:
Nick Cosgrove 020 7404 5959
Simone Selzer 020 7404 5959
Grant Thornton UK LLP (Nominated Adviser):
Philip Secrett 020 7728 2578Harrison J Clarke 020 7184 4384
Notes to Editors
Andrew Holloway joined Numis in 2009 and has played a prominent role in the development of the Corporate Broking & Advisory department, most recently as a Managing Director and Head of the FIG sector. Prior to joining Numis, Andrew worked in corporate finance roles at Dresdner Kleinwort and Deloitte where he qualified as a Chartered Accountant.
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