12th Jan 2016 09:35
LONDON (Alliance News) - Challenger Acquisitions Ltd on Tuesday said it has appointed a new non-executive chairman and a non-executive director, both of whom will join with immediate effect.
The company, which recently acquired a Dutch engineering company and which has a stake in the company set up to fund the building of the New York Wheel, an observation wheel being constructed in the US city, has appointed John Le Poidevin as non-executive chairman.
Le Poidevin is the former head of consumer markets at accountancy BDO and a former consultant to Challenger. He holds non-executive positions on the boards of Market Tech Holdings PLC, the owner and operator of the Camden markets in north London, payments company SafeCharge International PLC, online gaming company Stride Gaming PLC and International Public Partnership Ltd, the FTSE 250-listed infrastructure investor.
His appointment means Mark Gustafson, the company's former chairman, has been made chief executive.
Meanwhile, the group has made Richard Marin a non-executive director. He is the president and chief executive of The New York Wheel LLC, the company in which Challenger has purchased a stake in order to get exposure to the future New York attraction.
Marin is the former chairman and chief executive of AFI (USA) Inc, a commercial property developer, and was the chairman and chief executive of Bear Stearns Asset Management in the past.
Shares in Challenger were up 2.8% to 36.75 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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