REG - IWG Plc Regus PLC - Appointment of Chief Financial Officer

International WorkplaceAnnouncement

24/08/2022 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220824:nRSX9706Wa&default-theme=true

RNS Number : 9706W  IWG PLC  24 August 2022

24 August 2022

 

Appointment of Chief Financial Officer

 

IWG plc ("IWG" or the "Group"), the world's leading supplier of flexible
workspace solutions, has appointed Charlie Steel as Chief Financial Officer
(CFO).  Charlie will join the Board prior to the end of 2022. Charlie will
take over the CFO role from Glyn Hughes who will resign as a director of IWG
plc on that date to undertake a Chief Executive Officer (CEO) role in a
non-listed company. Glyn will remain with the business for a transitional
period to ensure a smooth handover.

 

Charlie joins the business from Babylon Holdings (NYSE:BBLN), one of the
world's leading and fastest-growing digital health delivery and AI diagnosis
businesses. As CFO at Babylon, Charlie was heavily involved in the formulation
and execution of strategy and played a leading role in the build-out of teams,
systems, processes and new geographies at the company. Prior to Babylon,
Charlie was Global Head of Corporate Development at CMC Markets Plc (LSE:CMCX)
and was also a Vice President in the Investment Banking Division at Deutsche
Bank AG.

 

Douglas Sutherland, Chairman of IWG said: "We are delighted that Charlie will
be joining the IWG Board as CFO. He brings highly relevant experience that
will prove tremendously useful to IWG and we look forward to working with him
as we continue to enhance our digital platform and capital light model
supporting accelerated growth. On behalf of the Board, I would like to take
this opportunity to thank Glyn for his contributions during his time with IWG.
He leaves the business and its balance sheet in a strong position to pursue
our rapid growth ambitions. We wish him the very best for the future."

 

Mark Dixon, CEO of IWG said: "I would like to thank Glyn for his contribution
to IWG as CFO. He leaves us in a strong position and we look forward to
continuing and accelerating the momentum achieved so far in 2022. I am excited
to welcome someone of Charlie's experience and he joins us at an exciting time
for the business with hybrid working becoming the preferred operational model
for a rapidly growing number of companies."

 

Charlie Steel added: "IWG is a fantastic business in a dynamic and exciting
sector that is at the forefront of the rapidly evolving way we all live and
work. I'm very excited to become CFO for the business and look forward to
working with the board, management team and colleagues as we continue
strengthening the position of the business and execute on the company
strategy."

 

There is nothing to report pursuant to LR9.6.13R of the Listing Rules of
the UK Listing Authority.

 

ENDS

 

For further information, please contact:

 IWG plc                                        +41 (0) 41 723 2353

 Mark Dixon, Chief Executive

 Mal Patel, Group Investor Relations Director
 Brunswick Group                                +44 (0) 20 7404 5959

 Nick Cosgrove

 Peter Hesse

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEXLFLLVLFBBK