CPPGroup Plc Directorate Change (0522B)

TIDMCPP

RNS Number : 0522B

CPPGroup Plc

02 October 2015

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: [phone]

Media

Tulchan Communications: Martin Robinson

Tel: [phone]

Nominated Adviser and Broker

Numis Securities Limited: Stuart Skinner; Charles Farquhar

Tel: [phone]

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 02, 2015 04:42 ET (08:42 GMT)