14th Nov 2013 13:19
LONDON (Alliance News) - Fairpoint Group PLC Thursday said it has appointed David Harrel as the successor to outgoing Chairman Matthew Peacock, who in April said he would step down from the role.
Fairpoint, which earns revenue by organising debt management plans for financially distressed customers, said it has appointed Harrel, chairman of Savile Group PLC and senior independent non-executive director of Rathbone Brothers PLC, as its new chairman.
"[David] brings senior leadership experience and will also add value as we pursue our growth agenda, having been instrumental in the founding and growth of one of the UK's premier law firms. We expect David's expertise to contribute to defining and executing our growth strategy, which we believe will both service our core business and take us into adjacent services," Chris Moat, Chief Executive, said in a statement.
Fairpoint, which also offers PPI claims management services, has Thursday seen its shares rise 0.6% to 133.85 pence.
By Samuel Agini; [email protected]; @samuelagini
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