Appointment of Chief Financial Officer

RNS Number : 9648V

Michael Page International PLC

23 January 2012

 



23 January 2012

Michael Page International plc

Appointment of Chief Financial Officer

Michael Page International plc ("Michael Page"), the specialist recruitment consultancy, announces that Andrew Bracey will succeed Stephen Puckett and be appointed as its new Chief Financial Officer. He is expected to take up his new role and join the Board as an Executive Director of Michael Page on 23 April 2012.

Andrew will join Michael Page from Ocado Group plc ("Ocado") where he is currently Chief Financial Officer and Executive Director.  He has over 20 years of experience in finance, as Chief Financial Officer of Ocado and before that in private equity and investment banking. At Ocado, he was part of the executive team that led its flotation in 2010. In his private equity and investment banking career, Andrew built relationships and offered strategic advice across multiple industry sectors, including numerous services and consumer companies across the globe.

It was announced on 11 July 2011 that Stephen Puckett would be leaving the Group, but would continue full-time in office until his successor was appointed and a full handover of his responsibilities had been completed. The Group retained external executive recruitment consultants to carry out a worldwide search against an exacting brief to identify a short-list of candidates. From the short-list, Andrew Bracey was identified as the preferred candidate and having completed a comprehensive interview and assessment process, was offered the position.

Steve Ingham, Chief Executive Officer said: 

"Firstly, I would like to thank Stephen personally for his advice, guidance and support and I know he will be missed by his colleagues in the Group. During Stephen Puckett's eleven years as Group Finance Director, he has helped oversee the development of the Group into a truly global business, now operating in 32 countries. With that development came an increasing need to travel which for personal reasons has become more difficult to commit to, hence his decision to step down. 

"We are delighted that Andrew is joining Michael Page. Our objective is to continue to deliver long-term growth to shareholders and Andrew's appointment as CFO reflects the need for Michael Page to operate with continued financial discipline throughout the Group. In joining our executive team, Andrew will bring valuable experience and capability to support us in our strategy to grow organically and diversify Michael Page's business across the globe. Today's announcement marks the culmination of a comprehensive process to ensure continued excellent leadership of Michael Page."

There are no disclosures to be made under Listing Rule 9.6.13 in respect of Andrew Bracey.

Andrew Bracey's background

Andrew Bracey has been CFO at Ocado since 2009.  He joined Ocado while it was a private company and was part of the team that managed the transition to being a FTSE 250 company with leading institutional investors from across the globe.  Prior to Ocado, Andrew had an 18 year career in private equity and investment banking. He ran Jefferies International's European consumer group until 2009.  From 2003 to 2008, he was at Barclays Capital, as Head of the Principal Investments Area and also sat on the Board and Audit Committee of Somerfield. From 2000 to 2003, he was a Managing Director at Credit Suisse. He started his career at UBS in 1991 in Corporate Finance after studying at Cambridge and the University of East Anglia. Andrew is 44 and lives in London.

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Enquiries:

FTI Consulting

Richard Mountain / Susanne Yule                                                      020 7269 7291

 

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