17th Sep 2018 08:32
LONDON (Alliance News) - IP Group PLC said on Monday it has appointed former HSBC Chairman Douglas Flint as chairman-elect with immediate effect.
Flint will take up the permanent role of chairman on November 1, replacing Mike Humphrey who will step down after three years in the role. Flint was as group chairman of HSBC from 2010 to 2017, and before that was group finance director of the bank for 15 years since 1995.
"I am delighted to welcome Sir Douglas to the board. He is one of most respected directors in the FTSE 100 with a wealth of highly relevant experience. The group will benefit enormously from his expertise and we look forward to working with him at this exciting point in IP Group's development," said Chief Executive Alan Aubrey.
Shares in the FTSE 250-listed intellectual property commercialisation company were up 0.2% at 123.20 pence on Monday.
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