Mortgage Advice Bureau(Holdings)PLC Directorate Change (5697N)
21 Janvier 2019 - 8:00AM
UK Regulatory
TIDMMAB1
RNS Number : 5697N
Mortgage Advice Bureau(Holdings)PLC
21 January 2019
21 January 2019
Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Group")
Retirement of Executive Director and appointment to
Non-Executive Director
MAB announces the retirement of David Preece as an Executive
Director of the Group with effect from 1 July 2019, at which point
David will become a Non-Executive Director of the Group. David has
also agreed to provide additional time over and above his
Non-Executive Director responsibilities in a consultancy capacity
to MAB.
David's retirement comes after a career spanning over 41 years
in financial services, including the last 15 years as an Executive
Director of MAB. He became part time two years ago, delegating some
of his operational responsibilities to other members of MAB's
senior management team. David remains a significant shareholder of
the Group with a 2.98% shareholding in MAB.
The ongoing commitment from David, plus the recent appointment
to MAB's senior management team of Don MacPherson as Chief
Commercial Officer, will increase the resource available to enable
MAB to leverage the many opportunities the Group has.
Chief Executive Officer, Peter Brodnicki, said:
"I would like to thank David very much for his long standing
commitment to MAB, he has been an extraordinary COO, Board
Director, mentor, and friend. David has helped us navigate
challenges with confidence and certainty, but as importantly to be
pioneering, which is fundamental to MAB's DNA. His Lifetime
Achievement Award at The British Mortgage Awards in 2017
demonstrates exactly how highly thought of David is, not just at
MAB, but also by many across our industry. I am delighted that he
will remain on the board as a Non-Executive Director, and that we
will continue to benefit from his wealth of experience and passion
for the business."
Chairman, Katherine Innes Ker, said:
"I have long valued David's wise counsel, deep insights,
judgement, and thoughtfulness, combined with his warm sense of
humour. His commitment to MAB is evident, and I am delighted that
he will remain on the Board as a Non-Executive Director upon his
retirement."
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries:
Mortgage Advice Bureau (Holdings) plc +44 (0)1332 525007
Peter Brodnicki, Chief Executive Officer
Ben Thompson, Managing Director
David Preece, Chief Operating Officer
Lucy Tilley, Finance Director
Nominated Adviser and Broker: +44 (0)20 7260 1000
Numis Securities Limited
Stephen Westgate / Jamie Lillywhite (Corporate Finance)
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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