Directorate Change (4431O)
September 19 2011 - 2:01AM
UK Regulatory
TIDMCPP
RNS Number : 4431O
CPPGroup Plc
19 September 2011
19 September 2011
CPPGROUP PLC
Appointment of New Chief Executive Officer
CPPGroup Plc ("CPP" or the "Group") today announces the
appointment of Paul Stobart as Chief Executive Officer of the Group
with effect from 1 October 2011. The appointment follows a
comprehensive search process after Eric Woolley indicated his
desire to step down as CEO after eight years of service.
Paul Stobart was, until 31 May 2011, Executive Director and
Chief Executive Officer of Sage Northern Europe, part of Sage Group
plc. He qualified as a chartered accountant with Price Waterhouse
and spent five years in corporate finance with Hill Samuel before
joining Interbrand, an international marketing services
consultancy, in 1988. He joined Sage in 1996 as Business
Development Director, to then become Managing Director of UK &
Ireland in June 2003 before being appointed Chief Executive Officer
of Sage Northern Europe in January 2011.
After Paul joins on 1 October 2011, there will be a two week
handover from Eric Woolley. Eric will continue to be available for
consultation for a further six months.
Charles Gregson, Chairman of CPPGroup Plc, commented:
"Paul has an excellent track record and brings significant,
relevant experience to CPP following his 15 years at Sage. He
understands the mechanics of a customer-focused, high service
business and his very strong financial and operational background
will be of great value to the Group.
"The Board also wishes to express its sincere appreciation to
Eric for his work over the past eight years, including leading the
business to a successful listing on the London Stock Exchange. We
wish him every success for the future."
Paul Stobart said:
"I am delighted and excited to be joining CPP at such an
important stage in its development as a successful and growing
international business and am looking forward enormously to working
with Charles and the CPP team."
There are no further disclosures required under Rule 9.6.13 of
the Listing Rules.
Ends
For further information contact:
Tulchan Communications Group Ltd +44 (0) 20 7353 4200
John Sunnucks
David Allchurch
Notes
Paul Stobart career summary
1996 - 2011 Sage Group plc, Newcastle upon Tyne
2011 - 2011 CEO, Northern Europe Region
2003 - 2010 CEO, UK and Ireland Region
2000 - 2003 Chief Operating Officer
1996 - 2000 Business Development Director
1988 - 1996 Interbrand, Branding Consultancy, New York and
London
1993 - 1996 Chairman, European region
1989 - 1993 Managing Director, UK
1988 - 1989 Finance Director
1983 - 1988 Hill Samuel, Corporate Finance, London and New
York
1980 - 1983 Price Waterhouse, London
About CPPGroup Plc
CPPGroup Plc (CPP) is a fast-growing and leading international
Life Assistance business with operations in 15 geographical markets
in both developed and developing countries. Card protection was the
first product the Group introduced 30 years ago. Since then CPP has
launched mobile phone insurance, legal assistance and identity
theft protection. CPP is also prominent in the provision of
Packaged Accounts where we source products and services to create a
tailored 'package' for bank account customers. We also provide a
range of travel support services such as translation and
lost-and-found luggage services as well as access to airport
lounges worldwide. Our joint venture with Mapfre Asistencia
provides assistance for plumbing, drainage, gas, electrical and
other home-related emergencies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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