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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redde Northgate Plc | LSE:NTG | London | Ordinary Share | GB00B41H7391 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 250.00 | 249.00 | 250.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNTG
RNS Number : 5246S
Northgate PLC
26 June 2018
26 June 2018
NORTHGATE PLC
Appointment of Chief Financial Officer
Northgate plc, the leading light commercial vehicle hire business in the UK, Spain and Ireland, is pleased to announce the appointment of Philip Vincent as Group CFO and Executive Director with effect from 16 July 2018. David Tilston, the current Interim CFO, will remain in the business for a short period to facilitate an effective handover to Philip.
Philip was most recently at SABMiller plc where he was Regional Finance Director, Asia Pacific and had previously been Director of Group Finance and Control. Prior to this Philip spent three years as Chief Financial Officer of BBC Worldwide, the main commercial arm of the BBC, following a range of senior financial roles there spanning over ten years. A member of the Institute of Chartered Accountants, Philip began his career at KPMG in London and New York and subsequently worked in several financial roles at Bunzl plc.
Andrew Page, Chairman of Northgate, commented:
"I am delighted to welcome Philip Vincent to the Board of Northgate. He brings a wealth of relevant financial and commercial experience gained in a wide range of senior roles, in the UK and internationally, which will enable him to make a significant contribution to Northgate's future success. I would like to thank David Tilston for undertaking the role of CFO on an interim basis."
Kevin Bradshaw, Chief Executive of Northgate, commented:
"Philip is a high calibre finance professional whose career to date makes him very well suited to support the execution of our strategy. I look forward to working closely with him to drive forward the transformation of our UK business, maintain our rapid growth in Spain and achieve our ambitious goals for Northgate."
Notes
Philip Vincent has been appointed on an annual salary of GBP330,000, effective from 16 July 2018. He will receive an annual pension contribution equivalent to 18% of his base salary. Philip's maximum annual bonus opportunity is 100% of base salary and Executive Performance Share Plan (EPSP) award will be 150% of base salary. His annual bonus and EPSP award will be prorated for the first year of employment. All elements of remuneration are in line with the Company's Executive Director Remuneration Policy. There are no buy-out awards to compensate for forfeiture of remuneration from a previous employer.
There is no further information that is required to be disclosed under LR 9.6.13.
This announcement contains inside information.
ENDS
For further information, please contact:
Northgate plc 01325 467558 Katie Tasker-Wood, Company Secretary David Boyd, Investor Relations 07841 629823 MHP Communications 020 3128 8771 / northgate@mhpc.com Andrew Jaques Barnaby Fry Simon Hockridge Ollie Hoare
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 26, 2018 02:01 ET (06:01 GMT)
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