REG - AssetCo PLC - Directorate Change

AssetcoAnnouncement

20/06/2023 16:00

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RNS Number : 3418D  AssetCo PLC  20 June 2023

20 June 2023

LEI: 213800LFMHKVNTZ7GV45

AssetCo plc

("AssetCo" or the "Company")

Board Change

 

The Board of AssetCo announces that Campbell Fleming has decided to step down
as Chief Executive Officer after overseeing the formation of the Company,
completing a series of acquisitions and guiding their integration. Campbell is
leaving for personal reasons and his last day with the Company will be 30 June
2023.

Consistent with the holding company nature of AssetCo's business, the Company
will not be replacing Campbell directly. Martin Gilbert and Gary Marshall will
instead assume his principal responsibilities, with Martin as Executive
Chairman being responsible for the overall strategic direction of the Group
and Gary overseeing day-to-day operations as CFOO. Alex Hoctor-Duncan, CEO of
AssetCo's principal operating company, River and Mercantile, is already taking
on additional responsibilities as the Group's active equities businesses
integrate under that brand (as previously announced). This process is expected
to continue as the Group moves towards delivering on its growth plans.

Martin Gilbert, Executive Chairman of AssetCo, commented:

 

"On behalf of the Board, I would like to thank Campbell for his contribution
to the development of AssetCo.  The Board and I are grateful to Campbell for
his efforts and hope to continue our long association with him in supporting
and guiding some of our underlying businesses."

 

Campbell Fleming, commented:

 

"It was the right business and personal decision to step down after an
extremely demanding 20 months integrating the group and as I now look to
pursue additional non-executive roles.  I will continue to support, as well
as remain a shareholder of, AssetCo as I believe in its strategy, team and its
people who continue to deliver for our clients as shown by our results."

 

For further information, please contact:

 AssetCo plc                                            Numis Securities Limited

 Martin Gilbert, Executive Chairman                     Nominated adviser and joint broker

 Peter McKellar, Deputy Chairman                        Giles Rolls / Charles Farquhar

 Gary Marshall, Chief Financial and Operating Officer   Tel: +44 (0) 20 7260 1000

 Tel: +44 (0) 785 0464 301

 Panmure Gordon (UK) Limited                            H/Advisors Maitland

 Joint broker                                           Neil Bennett

 Atholl Tweedie                                         Rachel Cohen

 Tel: +44 (0) 20 7886 2906                              Tel: +44 (0) 20 7379 55151

 

For further details, visit the website, www.assetco.com
(http://www.assetco.com/)

Ticker: AIM: ASTO.L

 

 

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