AIM-LISTED CPP Group, the international assistance business, has appointed Michael Corcoran as its new chief financial officer.
Corcoran boasts over 20 years’ experience in senior finance roles in regulated financial services businesses and previously served as the international CFO for Franklin Templeton Investments, a listed global investment management business operating in 35 countries.
York-based CPP Group was slapped with a £10.5m fine by the Financial Conduct Authority in 2012 and was forced to cough up over £60m in compensation to its customers for mis-selling credit card insurance.
Roger Canham, non-executive chairman, commented: “The board is delighted that Mike has agreed to join CPP and that we have been able to secure someone of his calibre. I look forward to Mike making a significant contribution as we continue to make encouraging progress with our strategy to drive the Group’s turnaround.”
CEO, Stephen Callaghan, said the new Corcoran “strong business and regulatory background is exactly what CPP needs of its new CFO.”