Bank of Ireland CFO to quit
Bank of Ireland chief financial officer Andrew Keating will step down from his role by the end of the year to pursue a senior finance role in an international organisation. Keating joined the bank in 2004 and had been appointed as CFO in 2012 and played a significant role in the repayment of state bailout funds and a return to profitability of dividend payments.
Pendragon new chief Herbert departs By “mutual agreement”
Automotive retailer Pendragon’s chief executive Mark Herbert will be stepping down at the end of June. Herbert was appointed the chief executive from 1 April 2019, prior to which he served as chief executive for three years at Dairy Farm International Holdings. The company has already commenced a search process for a new chief executive.
Now Pensions appoints Patrick Luthi as CEO
Trust-based defined contribution workplace pension fund Now Pensions has taken on board Patrick Luthi as CEO who will succeed Troy Clutterbuck. Clutterbuck has decided to step down with immediate effect. Luthi joins Pensions from Cardano where he served as group CFO overseeing finance, operations, technology and member of Cardano’s management board. He is a non-executive director on the Now Pensions’ commercial board since Cardano had agreed to acquire Now Pensions in February. Luthi has over 25 years of management experience in finance.
Commenting upon Patrick Luthi’s appointment, non-executive chairman, John Rowland, Now Pensions said: “Patrick’s appointment supports the integration of Now Pensions into the Cardano Group. His experience will be invaluable as Now Pensions enters the next stage of growth and development. We’re very pleased to welcome him. I’d like to thank Troy for the huge contribution he’s made to Now Pensions both in his role as CEO and CFO.”
Regency Mines names chairman and chief executive officer
Natural resource exploration company Regency Mines has appointed executive director Scott Kaintz as chief executive officer. Commenting upon the appointment, Kaintz said: “Sometime in the making, these board changes constitute the next of several steps placing Regency on a sustainable long-term development pathway.”
Nigel Burton, who has more than 30 years of experience in operational and financial management, has taken on the chairman’s role that has been vacant since Andrew Bell resigned as chairman and chief executive officer in January.
CYBG has appointed new members to its senior leadership team
Lucy Dimes will join the retail bank in July as its group business transformation officer. She previously worked at UBM and will lead on improving efficiency at the bank and deliver its investment and transformation plan.
Fraser Ingram has been named as the group chief operating officer at the bank. He had previously been the bank’s chief information officer, and over the past six months had served as interim chief operating officer.
WarnerMedia Names first female CEO at Warner Bros
Mass media and entertainment conglomerate WarnerMedia has appointed Ann Sarnoff as its first woman chief executive officer. Sarnoff has extensive experience in media and sports and currently serves as president of BBC Studios in the US, Canada and Latin America.
She will take over the studio behind the Wonder Woman, Friends and the Harry Potter franchise. Commenting upon her appointment, Sarnoff said: “I want to work closely with colleagues across WarnerMedia and make the whole more than the part. I want to take what is a very successful legacy and history and make it even stronger going forward.”
Former Danaher executive Joins L2 Capital as COO
Private equity firm L2 Capital Partners has taken on board Lorin Cassidy Wolfe as its chief operating officer. Cassidy Wolfe’s responsibility includes driving growth and profitability with a focus on strategy, process, and people. Wolfe’s career has spanned across the automotive and motorsports industries.
Prior to joining L2 Capital Partners, Cassidy wolfe served as CEO of Acco Material Handling Solutions, where she was instrumental in leading the company towards double-digit growth in a formerly stagnant business. Speaking about her appointment, Cassidy Wolfe said: “I am excited to be joining L2 Capital, a firm with a strong track record, but also a unique and flexible platform for entrepreneurs and business leaders seeking to grow their companies over a patient investment horizon.”
DraftKings appoints ‘tech financing pro’ Jason Park as new CFO
Daily fantasy sports content provider, DraftKings has hired Jason Park as its chief financial officer. Park will replace current CFO Tim Dent who will transition to the position of chief compliance officer. Prior to joining DraftKings, Park worked with Bain capital where he was operating partner leading technology and innovation. In his current role, Park will serve as a strategic adviser to DraftKings CEO & Co-Founder Jason Robins, helping the company advance and grow its US sports betting opportunities.
New CFO as UltraSoC moves into next phase of growth
Tech firm UltraSoC has recruited Barney Edgar as its chief financial officer. Edgar brings significant experience in guiding the fast-growing, innovative technology companies. Edgar recently served as head of finance at Arkessa and has around 20 years of industry experience while holding various senior financial leadership roles. He has worked at TUI, Diageo and PwC. Commenting upon Barney Edgar’s appointment, CEO, UltraSoC Rupert Baines said: “Barney has an impressive CV with very relevant experience in high-growth technology firms as they scale up and grow.”
CIOT names Whiteman as chief executive replacing Fanning
The Chartered Institute of Taxation (CIOT) has appointed Helen Whiteman as its new chief executive replacing Peter Fanning who will soon be retiring. Whiteman’s role will include expanding CIOT’s international reach though taking up international tax credential, the advanced diploma in international taxation (ADIT) as well as focusing on the impact of technology and automation on the work of tax advisers.
Speaking about her appointment, Whiteman said: “Key objectives for CIOT over the years ahead include further increasing the Institute’s international profile and dealing with challenges facing tax professionals such as greater automation and the spread of artificial intelligence.”
River and Mercantile appoints CEO
Asset manager River and Mercantile has taken on board James Barham as its new chief executive effective 1 July 2019. Barham currently serves as Deputy CEO and will succeed Mike Faulkner who has now become the group’s head of macro strategies and innovation and will continue to serve on the board.
Commenting on the appointments, River and Mercantile’s chairman Jonathan Dawson, said: “I am delighted that James has accepted the position as CEO which will provide Mike the time to focus on driving forward our investment thinking for the benefit of our clients and to support the future growth of River and Mercantile. This appointment reflects a continuation of the business logic that both Mike and James shared leading to the original formation of the Group in 2014.”
Chris Cant appointed chief executive officer at Metnor Group
Construction, mechanical and electrical services provider Metnor Group has promoted Chris Cant to the position of group chief executive officer. He has been with the organisation as its managing director for the last four years. Cant will succeed current CEO Keith Atkinson. Speaking about his appointment, ant said: “With my appointment to Group CEO my aim now is to create a similar framework within the other divisions, whilst allowing them to remain bespoke and true to their individual identities.”
Big Lots appoints Jonathan Ramsden as EVP and chief financial and administrative officer
Retailer Big Lots has announced Jonathan Ramsden as executive vice president, chief financial and administrative officer. Ramsden will take up office on 5 August 2019 succeeding Timothy Johnson who will step down to pursue other opportunities, although, Johnson will continue in an advisory role to ensure a smooth transition for the business. Ramsden brings along over 20 years of experience in senior executive roles in the retail and marketing industry.
He has worked at Abercrombie and Fitch, TBWA Worldwide, the Omnicom Group and Arthur Andersen. Commenting upon Ramsden’s appointment, President and CEO Bruce Thorn said: “Jonathan’s extensive experience in financial management, strategy and operations, along with his deep knowledge of the retail industry, make him an ideal fit for our organization.”
David’s Bridal names James Marcum as CEO
Bridal-store chain David’s Bridal has recruited James Marcum as chief executive officer. Marcum will take up office in the last week of June and will also be part of the board of directors replacing Interim CEO Tom Lynch. Marcum brings nearly 30 years retail, consumer and services industry experience as well as leadership. He has served companies including Central Parking, Circuit City, Hollywood Entertainment, Stage Stores, Marshalls and Apollo Management among others.