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IN BRIEF: Personal Group CFO to step down; names successor

ALN

Personal Group Holdings PLC - Milton Keynes-based employee benefits and services provider - Chief Financial Officer Sarah Mace intends to step down from the board at the time of the company’s annual general meeting in May next year. She has been CFO since October 2020. Names Matthew Cohen as Mace’s successor, who will assume the CFO role and be appointed to the board by the end of the first half of next year. Cohen is currently CFO at Intact Insurance SA, a non-regulated life insurance company. The company says Mace will support the business through its financial results in March, and will remain available to the business post her departure ‘to facilitate a smooth transition’.

‘In recent years, working alongside our CEO Paula, Sarah has overseen the divestment of non-core areas of our business, the development of our growth strategy and the delivery of consistently strong financial results. We are sad to see her go, and wish her well in the future,’ said Chair Martin Bennett.

‘We look forward to welcoming Matthew to Personal Group next year. With proven financial and operational leadership skills, Paula and I look forward to working with him to deliver on our 5 year ambitions.’

Current stock price: 335.00 pence

12-month change: up 73%

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