Appointment of Chief Financial Officer

RNS Number : 6956Q
TP Group PLC
02 March 2016

Appointment of Chief Financial Officer

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, is pleased to announce the appointment of Derren Stroud as Chief Financial Officer ('CFO') and Executive Director to the Board with immediate effect.

Derren, a member of the Chartered Institute of Management Accountants, has over 20 years' of industry experience including senior finance roles at Retail Decisions, Envox and Safenet.  Derren will take over from Mark Crawford whose decision to step down from the Board was announced on 11 January 2016.

As CFO, Derren will take responsibility for corporate financial management and supporting the Group's investor relations activities.  In his career he has worked within a range of specialist innovation and engineering businesses, with both public and private equity backing, serving a global customer base from manufacturing and commercial sites worldwide.

Phil Cartmell, Chief Executive of TP Group commented:

"We are pleased to welcome Derren to the Board of TP Group. We believe his international finance experience will complement and enhance our existing capabilities as the Group continues to pursue its growth strategy. Both myself and the Board look forward to working closely with Derren."

  

Derren Mark Stroud, aged 45, has held the following directorships in the five years preceding the date of this announcement:

-Sound Attenuators Ltd

-Red Fuel Cards (Europe) Ltd*

*No longer a director

Save as disclosed above, no further information is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.