Park Group PLC Confirmation of CEO Appointment (3403D)

TIDMPKG

RNS Number : 3403D

Park Group PLC

30 January 2018

30 January 2017

Park Group PLC

("Park" the "Company" or the "Group")

Confirmation of CEO Appointment

Further to the announcement on 15 November 2017 of the intended appointment of Mr. Ian O'Doherty to succeed Mr. Chris Houghton as Chief Executive Officer of Park, Park is pleased to announce that the Financial Conduct Authority (FCA) has approved the appointment. FCA approval was the only condition to the appointment of Mr. O'Doherty.

Therefore, Mr. O'Doherty will take over as Chief Executive Officer on 1 February 2018 and join the Board of Park on that date.

Mr. Houghton will step down from both the Board and as Chief Executive Officer accordingly. As previously announced, Mr. Houghton will remain in an advisory capacity until the announcement of the Company's full year results in June 2018, and he will continue to ensure an orderly handover and smooth transition.

For further information please contact:

 
 Park Group plc     Arden Partners     Tavistock 
                     plc 
 
   Chris Houghton     Steve Douglas      Andrew Dunn 
                      Benjamin Cryer     Jeremy Carey 
                                         Sophie Praill 
 
   Tel: [phone]      Tel: [phone]      Tel: [phone] 
   1700               5920               3150 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 30, 2018 06:27 ET (11:27 GMT)