Public Policy Holding Company, Inc. Chief Financial Officer Succession (6492E)
July 03 2023 - 2:00AM
UK Regulatory
TIDMPPHC
RNS Number : 6492E
Public Policy Holding Company, Inc.
03 July 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ('MAR'). Upon the publication of this announcement via a
Regulatory Information Service ('RIS'), this inside information is
now considered to be in the public domain.
Public Policy Holding Company, Inc.
("PPHC", the "Group" or the "Company")
Chief Financial Officer Succession
Public Policy Holding Company, Inc., the government relations
and public affairs group providing clients with a fully integrated
and comprehensive range of services, is pleased to announce that,
as part of its executive officer succession planning, Roel Smits
has been appointed as Chief Financial Officer with immediate
effect.
Founding CFO Bill Chess remains on the Board as Executive
Director and will assume the new position of Chief Administrative
Officer, reporting directly to the CEO, where he will drive
internal efficiency and collaboration.
Roel joined PPHC in May 2022 as Deputy CFO. He has previously
acted as CFO at Kantar, the data analytics and brand consulting
company owned by WPP and Bain Capital, most recently for Americas
and prior also for Asia-Pacific and Africa. Prior to that, he
performed senior roles at WPP (Senior VP of Corporate Development)
and Dutch private equity family office HAL Investments BV. Roel has
a Masters in Finance from London Business School, as well as a
Masters in Economics from Erasmus University Rotterdam and an MBA
in Marketing from Michigan State University.
It is the intention that Roel will join the Board in due course
subject to completion of customary due diligence and regulatory
procedures.
Simon Lee, Chairman, PPHC commented:
"The appointment of Roel to the position of CFO and of Bill to
the new position of Chief Administrative Officer is the result of
careful succession planning and adds additional strength to the
executive team. Since our IPO in December 2021, we have created a
business delivering revenues of over $100m with strong EBITDA
margins between 25% and 30% and we are looking forward to building
on this progress in the coming years.
Roel Smits, CFO, PPHC commented:
"I am delighted to take on the role of PPHC's CFO as we continue
to deliver our clearly stated strategy and benefit from the
ever-increasing importance that corporates globally are placing on
government relations and public affairs. In addition to continued
organic growth, PPHC is actively in discussions with a number of
potential acquisition targets, both in the US and internationally -
I am excited by the potential for significant growth that lies head
for the Group. With deepest respect I thank my predecessor Bill
Chess for all he has done for PPHC since its inception in
2014."
Bill Chess, Chief Administrative Officer commented:
"Being part of the team that has propelled PPHC into becoming
the largest provider of federal lobbying services in the US
continues to be an incredibl e journey. I'm looking forward to
working in my new role to drive internal efficiency and
collaboration as we deliver on our organic and acquisitive growth
plan."
Enquiries
Public Policy Holding Company Inc.
Stewart Hall, CEO
Thomas Gensemer, Chief Strategy Officer +1 (202) 688 0020
Stifel (Nominated Adviser & Broker)
Fred Walsh, Tom Marsh +44 (0) 20 7710 7600
Buchanan Communications (Media Enquiries) +44 (0) 20 7466 5000
Chris Lane, Toto Berger pphc@buchanan.uk.com
About PPHC
Incorporated in 2014, PPHC is a US-based government relations
and public affairs group providing clients with a fully integrated
and comprehensive range of services including government and public
relations, research and digital advocacy campaigns. Retained by
over two-thirds of its 1000+ clients, including corporates, trade
associations and non-governmental organisations, the Group is
active in all major sectors of the U.S. economy, including
healthcare and pharmaceuticals, financial services, energy,
technology, telecoms and transportation. PPHC's services support
clients to enhance and defend their reputations, advance policy
goals, manage regulatory risk, and engage with US federal and
state-level policy makers, stakeholders, media and the public.
PPHC operates a holding company structure and currently has
seven operating entities comprising Crossroads Strategies, Forbes
Tate Partners, Seven Letter, O'Neill & Associates, Alpine Group
Partners, KP Public Affairs and MultiState Associates. Operating in
the strategic communications market, the Group has a strong track
record of organic and acquisitive growth, the latter focused on
enhancing its capabilities and to establish new verticals, either
within new geographies or new related offerings.
For more information, see www.pphcompany.com .
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