REG - CPPGroup Plc - Board Changes

CPPGroupAnnouncement

08/02/2022 07:00

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RNS Number : 9472A  CPPGroup Plc  08 February 2022

8 February 2022

CPPGroup plc

("CPP Group", the "Group" or the "Company")

Board Changes

CPP Group (AIM: CPP) a provider of assistance and insurance products which
reduce disruptions to everyday life for millions of customers across the world
is today announcing the following Board changes.

 

Jason Walsh, Chief Executive Officer, will step down from the Board and leave
the Company at the end of February 2022 after almost six years in his current
role, and almost twenty years of service to the Group. The Board is pleased to
announce that his successor as Chief Executive Officer will be Simon Pyper,
the current Chief Financial Officer. Furthermore, the Board is pleased to
announce the appointment of David Bowling, an internal candidate with ten
years' service to the Group, as Chief Financial Officer, subject to the
satisfactory completion of due diligence by the Nominated Adviser.  A further
announcement with regard to David Bowling will be made in due course.

 

David Morrison, Non-Executive Chairman of CPP Group, commented:

"Jason became Chief Executive Officer of CPP Group in 2016 following several
years of regulatory and financial tribulations. In the last six years, he has
guided the Group to a point where it is financially stable, and where the
potential for growth is enhanced.  During his tenure, our businesses in India
and Turkey, in particular, have enjoyed notable success and steps have been
taken to position the Group's product portfolio for the digital age.  All his
friends and colleagues in the business wish him all the best in his future
endeavours.  On behalf of the Board, and personally, I would like to thank
him for the role that he has played and for his contribution to the business
during his tenure.

I am also delighted to welcome Simon Pyper as Chief Executive Officer, who
will now guide the business as it seeks to exploit the many opportunities that
lie ahead."

Jason Walsh said:

"I am very proud to have led the team that has helped make CPP Group the
success it is today and to have transformed the business to enable it to take
advantage of future opportunities. I wish the new management team the best as
they seek to capitalise on the good progress made over the last few years. I
remain a strong advocate of the Company and look forward to following its
progress over the coming years."

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019. Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to be in the
public domain.

 

Enquiries:

 CPP Group plc
 David Morrison, Chairman               Tel: +44 (0)7881 943213

 Simon Pyper, Chief Executive Officer

 Liberum Capital Limited
 (Nominated Adviser and Sole Broker)    Tel: +44 (0)20 3100 2000
 Richard Lindley
 Lauren Kettle
 Kane Collings
 Christopher Whitaker

 Alma PR
 (Financial PR Adviser)                 Tel: +44 (0)20 3405 0205
 Josh Royston
 David Ison
 Kieran Breheny
 Faye Calow

 

About CPP Group:

CPP Group creates assistance and insurance products which reduce the
disruptions to everyday life for millions of people across the world. These
products are provided through partnerships with leading insurance, banking and
finance companies as either as embedded solutions or as relevant add-ons to
enhance their core offering and deliver additional revenue streams. CPP Group
is listed on AIM, operated by the London Stock Exchange.

 

For more information on CPP visit https://international.cppgroup.com/
(https://international.cppgroup.com/)

 

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