Appointment of FD

1 Oct 2007 07:01

Elephant Loans & Mortgages PLC01 October 2007 ELEP.L ELEPHANT LOANS & MORTGAGES PLC ('Elephant Loans' or 'the Company') APPOINTMENT OF FINANCE DIRECTOR Elephant Loans, the fast growing distribution channel for specialist lenders, ispleased to announce the appointment of Chris Backhouse as Finance Director, withimmediate effect. Chris Backhouse, FCA, aged 50, has extensive experience working for and withbusinesses, ranging in size from start-up to over £100m turnover. He is highlyexperienced in corporate finance matters, including business acquisitions anddisposals, strategic and business planning, as well as venture capital-backedtransactions. Chris qualified as a Chartered Accountant in 1981 with KPMG and spent ten yearsin the accountancy profession, latterly with Ernst & Young, providing financialand business advice to fast-growing clients. In 1991, he joined Ipeco Holdings Plc, the then listed aerospace and defenceproducts group, as Group Finance Director, where he helped with the developmentof its strategic plan and profit improvement initiatives before it was takenprivate in 1997. He subsequently joined Unilabs Group (UK) Limited, the UKsubsidiary of the Swiss healthcare company, restructuring the operation andturning it around from loss to profits, before its sale to a competitor. In1999, he joined the management buyout team at Betts Group, which acquired theformer Courtaulds Packaging division from Akzo Nobel. As Group Finance Directoruntil 2003, Chris had responsibility for all group finance matters, includingrefinancing the business and funding manufacturing operations in the UK andoverseas. More recently, he was the Finance Director of Pims Group, a venturecapital-backed waste water engineering and services business until 2006, when hejoined FD Solutions, a market leader in the provision of part-time financedirectors. Chris is an Associate Director of FD Solutions. For further information please contact: Elephant Loans & Mortgages plc T: 020 8892 2777www.elephantloans.co.ukGary Miller-Cheevers, Chief ExecutiveARM Corporate Finance T: 020 7512 0191Nick HarrissHichens, Harrison & Co T: 020 7588 5171Peter Trevelyan-Clark SVS Securities T: 020 7638 5600Ian CallawayBiddicks T: 020 7448 1000Katie Tzouliadis Additional Information on Christopher Mark BackhouseCurrent Directorships:NoneDirectorships within the last 5 years:Pims Group LimitedBetts Group Holdings Limited There are no additional disclosures required to be made pursuant to Schedule 2(g) of the AIM Rules. This information is provided by RNS The company news service from the London Stock Exchange