Directorate Change

RNS Number : 9863S

Fairpoint Group PLC

14 November 2013

 

14 November 2013

Fairpoint Group plc

Directorate Change

New Chairman appointed

Fairpoint Group plc ("Fairpoint" or "the Group"), the leading provider of advice and solutions to financially stressed consumers, is pleased to announce the appointment of David Harrel as its new Chairman with effect from 14 November 2013.  David replaces Matthew Peacock, who indicated his intention to step down as Chairman and from the Board in April 2013, following the sale of Hanover Investors' shares in the Group.

David, who is aged 65, is currently Senior Independent Non-Executive Director of Rathbone Brothers plc and Chairman of Savile Group plc, as well as being a non-executive director or consultant to a number of private companies.   In 1982 David was a founding partner of SJ Berwin LLP and from 1992 senior partner, retiring in 2006. He remains a consultant to the firm.  

Matthew Peacock outgoing Chairman of Fairpoint commented

"David's appointment completes the process of finding my successor to lead the board in Fairpoint's next phase of development.  He has a strong professional services background, significant non-executive experience and is a proven leader.  I wish him well in his new role."

Chris Moat, Chief Executive of Fairpoint commented:

"We are delighted to welcome David to the Group. He brings senior leadership experience and will also add value as we pursue our growth agenda, having been instrumental in the founding and growth of one of the UK's premier law firms. We expect David's expertise to contribute to defining and executing our growth strategy, which we believe will both service our core business and take us into adjacent services."    

Additional Information:

Further information on David Harrel as required by Rule 17 and Schedule 2(g) of the AIM Rules for Companies is detailed below:

(a)  His full name is David Terence Digby Harrel and he has no previous names;

(b)  David is a director or partner of the following companies or partnerships other than Fairpoint:

Plumtree Advisors Limited

Rathbone Brothers plc

Savile Group plc

The Clore Leadership Programme

(c)   In the last five years, David has been but is no longer a director or partner of the following companies or partnerships:

Proven (UK) Limited

CPA Global Limited

The Kyte Group Limited 

Wichford Plc 

There are no further disclosures for David Harrel as required under Schedule 2(g) of the AIM Rules for Companies.

 Enquiries:

Fairpoint Group Plc

Chris Moat, Chief Executive Officer                                                                                                        0844 826 1209

John Gittins, Finance Director

Shore Capital (Nominated advisor and broker)

Pascal Keane                                                                                                                                                     0207 408 7912

Edward Mansfield

MHP Communications

Reg Hoare / Katie Hunt / Ben Griffiths                                                                                                   020 3128 8100

 

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