Arrow Global Group PLC Directorate Change (7410D)
June 28 2019 - 2:01AM
UK Regulatory
TIDMARW
RNS Number : 7410D
Arrow Global Group PLC
28 June 2019
Directorate Change
FOR IMMEDIATE RELEASE
28 June 2019
Arrow Global Group PLC
("Arrow Global" or the "Company" and together with its
subsidiaries the "Group")
Appointment of Chief Financial Officer
Arrow Global, a leading European investor and asset manager in
secured and unsecured defaulted and non-core loan portfolios and
real estate, announces the appointment of Matt Hotson as Group
Chief Financial Officer ('CFO'). Paul Cooper has resigned in order
to take up the position of Deputy CFO at M&G Prudential.
Matt Hotson, most recently CFO UK and International at RSA
Insurance Group, will commence the handover with Paul during July
2019. Matt will join the Board as CFO when, subject to regulatory
approval, he starts in August 2019. Paul will stay with the
business until 9 August 2019 to ensure a smooth handover.
Lee Rochford, Group Chief Executive Officer of Arrow Global,
commented:
"Paul has been a valued member of the management team since
joining Arrow Global and, on behalf of the Board, I would like to
thank Paul for his contribution. I am pleased Paul will remain with
the business until after the interim results, ensuring a smooth
transition. His new role represents a great opportunity at a
leading financial services company undergoing transformational
change. We wish Paul well in this next stage of his career.
"We are delighted Matt will join us from RSA Insurance. Matt is
a strong finance professional with experience of leading FTSE100
and FTSE250 finance functions and a proven record of developing,
communicating and delivering on strategic objectives, across a
number of sectors. Matt will be a great addition to a strong team,
and we look forward to welcoming him to Arrow Global."
Commenting on his appointment Matt said:
"I believe that it is an exciting time for the business, with a
considerable value creation opportunity driven by the pivot to a
less capital-intensive business model. I look forward to helping
Arrow Global drive the next stage of its development."
For further information:
Arrow Global Group PLC +44 (0)161 242 5896
Lee Rochford, Group CEO
Duncan Browne, Head of Investor Relations
FTI Consulting +44 (0)20 3727 1141
/arrowglobal@fticonsulting.com
Neil Doyle
Tom Blackwell
Laura Ewart
Notes
Matt Hotson biography
2012 -2019 RSA Insurance Group Plc
Initially in the Group Corporate Centre as Investor Relations
Director then as Director, Performance Management, Strategy and IR.
During 2015 Matt was interim Group CFO before taking the role of
CFO, UK & International in January 2016.
2011 - 2012 Cable & Wireless Worldwide
Matt was responsible for IR and Communications at Cable &
Wireless Worldwide during the sale of the business to Vodafone.
1997 - 2011 Legal & General Group plc
Matt was at IR & Strategy Director for two years following
five years as Group Strategy Director. Prior to this he undertook a
number of finance, strategy and business leadership roles.
1991 - 1997 NatWest Bank plc
Junior finance, strategy and marketing roles.
Matt holds masters degrees from Cambridge University and the
Open University and is currently studying for a PhD at Exeter
University.
Regulatory Disclosures
The Company confirms that there are no details to disclose in
respect of Listing Rule 9.6.13R.
In accordance with Listing Rule 9.6.11, the Company confirms
that Matt Hotson will join the Company's Disclosure Committee when
he joins the Board.
Remuneration arrangements
The compensation package offered to Matt Hotson is in line with
Arrow Global's shareholder approved remuneration policy, and full
details will be included in the Company's Directors' Remuneration
Report for 2019.
The section 430(2B) statement in relation to Paul Cooper will be
available on the Company's website in due course.
ENDS
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END
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