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Appreciate Group PLC on Friday promoted its Chief Commercial Officer Julian Coghlan to interim chief executive officer.
In July, Appreciate said that CEO Ian O'Doherty had stepped down, although he will remain available to advise the company until January next year.
Coghlan is currently the chief commercial officer of the Liverpool-based prepaid gift card and voucher provider. He joined the company in August 2017 as group operations director.
As interim CEO, Appreciate said that Coghlan will be responsible for the company's day-to-day commercial, operational, IT and HR functions, with a focus on driving revenue in line with its targets.
Chair Guy Parsons will retain direct responsibility for the company's Finance, Legal & Compliance teams as well as strategic and governance matters, it added.
Appreciate said that the process to recruit long term appointees to the roles of CEO and chief financial officer is ‘progressing well with an encouraging pool of high calibre candidates being interviewed.’
CFO Tim Clancy left the company in July. Appreciate appointed its Director of Finance Talha Ahmed into the interim position following his resignation.
Chair Guy Parsons said: ‘Following this appointment of an interim CEO, I believe we have a strong team in place to manage the business day to day and deliver on our expectations for the year, whilst continuing to focus on the group's medium-term strategy to drive sustainable growth.’
Appreciate Group shares were untraded at 30.00 pence each in London on Friday morning.
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