Jupiter Fund Management PLC Directorate Change (8744Y)

TIDMJUP

RNS Number : 8744Y

Jupiter Fund Management PLC

14 May 2019

Jupiter Fund Management plc

Director Change

Jupiter Fund Management plc ("Jupiter" or the "Company") is pleased to announce the appointment of Wayne Mepham as Chief Financial Officer ("CFO") subject to customary regulatory approvals. Wayne will take up the role on September 2(nd) 2019 and will also join the Company's Board and Executive Committee.

Wayne is a qualified Chartered Accountant with over 23 years' experience in the financial services sector. He is currently the Global Head of Finance at Schroders plc, the FTSE 100 asset management group, where he has worked for the past nine years. Prior to Schroders, Wayne held a number of senior roles at PwC where he worked with many of the firm's asset management, insurance and banking clients.

This appointment is made following the announcement in February 2019 of Charlotte Jones' intention to step down from her role to take up the position of CFO at RSA Insurance Group plc. Charlotte will remain with Jupiter until 30 July 2019.

Andrew Formica, Chief Executive of Jupiter, commented: "I am very pleased that Wayne is joining us. He has a long and successful track record in financial services and in particular, has deep experience of the asset management industry from both a domestic and global perspective. He is a strong leader with a wide range of relevant expertise including technical accounting, regulation and commercial development and I have no doubt that he will be an excellent addition to our team.

"I would also like to thank Charlotte and the rest of the finance team for their continued efforts, particularly in helping plan for a smooth transition to her successor."

Wayne Mepham added: "I am very excited by this opportunity. Jupiter has a great team, clear strategic direction and an incredibly strong brand, but with significant potential to grow its franchise further, and I very much look forward to getting started."

There is no information required to be disclosed in accordance with Listing Rule 9.6.13R

For further information please contact:

 
 Media 
 Jupiter             Kate O'Neill         Despina Constantinides 
                  [phone]       [phone] 
 Powerscourt                  Victoria Palmer-Moore 
                               [phone] 
 Investors 
 Jupiter         Alex Sargent                  Kate O'Neill 
                  [phone]       [phone] 
 

LEI Number: 5493003DJ1G01IMQ7S28

Notes

Employment terms for Wayne Mepham

Wayne will be paid in accordance with the Directors' Remuneration Policy approved by shareholders on 16 May 2018. His remuneration as an Executive Director and Chief Financial Officer of the Company will consist of:

Annual Salary: GBP300,000

Pension: 15% (or cash equivalent rounded down for employer's National Insurance)

Bonus: maximum opportunity 250% of salary

LTIP: maximum opportunity 225% of salary

Buyout of various compensation forfeited on resignation from Schroders. Full details will be disclosed in the 2019 Directors' Remuneration Report

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May 14, 2019 02:01 ET (06:01 GMT)