2 Oct 2015 09:42
CPPGroup plc
2 October 2015
APPOINTMENT OF PERMANENT CFO
CPPGroup plc (CPP or the Group), the international assistance business, is pleased to announce that, following receipt of regulatory approval, Michael Corcoran has been appointed Chief Financial Officer and a Director of the Group.
Michael has more than 20 years' experience in senior finance roles in regulated financial services businesses and served as the International CFO for Franklin Templeton Investments, a listed global investment management business operating in 35 countries.
Roger Canham, Non-Executive Chairman, commented:
"The Board is delighted that Mike has agreed to join CPP and that we have been able to secure someone of his calibre. I look forward to Mike making a significant contribution as we continue to make encouraging progress with our strategy to drive the Group's turnaround."
CEO, Stephen Callaghan, commented:
"I look forward to Mike's continued contribution towards CPP's strategic development as we move the firm towards our objective of becoming the international assistance business of choice. His strong business and regulatory background is exactly what CPP needs of its new CFO."
Enquiries
CPPGroup Plc
Stephen Callaghan, Chief Executive Officer
Lorraine Beavis, Group Company Secretary
Tel: +44 (0)1904 544500
Media
Tulchan Communications: Martin Robinson
Tel: +44 (0)20 7353 4200
Nominated Adviser and Broker
Numis Securities Limited: Stuart Skinner; Charles Farquhar
Tel: +44 (0)20 7260 1000
Further information
Michael John Corcoran, 55, is or has been a director in the following companies.
Current directorships:
Airport Angel Limited |
Branath Financial Limited |
Card Protection Plan Limited |
CPP Assistance Limited |
CPP Assistance Services Limited |
CPP European Holdings Limited |
CPP Group Finance Limited |
CPP Group Limited |
CPP Holdings Limited |
CPP Insurance Administration Limited |
CPP International Holdings Limited |
CPP Services Limited |
CPP Travel Services Limited |
CPP Worldwide Holdings Limited |
CPPGroup Services Limited |
Detailregion Limited |
Green Suite Limited |
Homecare (Holdings) Limited |
Homecare Assistance Limited |
Homecare Insurance Limited |
Previous directorships:
Fiduciary Trust International Ltd |
Franklin Templeton Fund Management Limited |
Franklin Templeton Investment Management Limited |
Franklin Templeton Global Investors Limited |
MEM Consumer Finance Limited |
Express Finance (Bromley) Limited |
Inventive Finance Limited |
FTCI (Cayman) Limited |
Franklin Templeton Holdings Limited |
Franklin Templeton International Services S.A |
Franklin Templeton Investments (Middle East) Limited |
Algebra Capital Limited |
Franklin Templeton Luxembourg Holding S.A. |
The Board confirms that Michael Corcoran has all of the requisite regulatory approvals. There are no further disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the proposed appointment of Michael Corcoran to the Board of CPPGroup Plc.
Notes to Editors
CPPGroup Plc (CPP or the Group) is an international assistance business operating in the UK and overseas. CPP primarily operates a business-to-business-to-consumer (B2B2C) business model providing products and services to customers through Business Partners and direct to consumer. The Group's core assistance products help to provide security and are designed to make everyday life easier to manage.
For more information on CPP visit www.cppgroupplc.com
REGISTERED OFFICE
CPPGroup Plc
Holgate Park
York
YO26 4GA
Registered number: 07151159
Cppgroup (CPP)