22nd May 2007 07:02
Innovation Group PLC22 May 2007 22 May 2007 THE INNOVATION GROUP PLC Appointment of Paul Hemsley as Group Finance Director The Innovation Group plc ("the Group", LSE: TIG), which provides outsourcingservices and software solutions to the world's insurance providers, announcesthat John Sidwell, who joined as Group Finance Director on 19 March 2007, willstep down with immediate effect. Paul Hemsley has been appointed Group Finance Director and joins the Board withimmediate effect. Paul Hemsley, 47, joined Innovation Group as interim Finance Director inDecember 2006. Over the last six months, Paul has worked closely with the Boardoverseeing the Group's financial operation. Previously he has worked in seniorfinance positions on an interim basis for the past 10 years in a large number ofpublic companies including Reliance Security Group plc, Serco Group plc, QinetiQplc and My Travel plc. He is a fellow of the Institute of Chartered Accountantsin England and Wales and the Royal Society of Arts. There is no other information to be disclosed in respect of Paul Hemsleypursuant to paragraph 9.6.13 of the Listing Rules. Hassan Sadiq, Chief Executive of Innovation Group commented: "The Board is delighted that Paul has agreed to accept our offer as the Group'sFinance Director and to join the Board on a permanent basis. Over the last sixmonths, Paul has proved himself instrumental in taking the Group forward. Hisdecision to take on a full time role underlines his strong conviction about thedirection and future success of Innovation Group. The Board wishes John Sidwellwell for the future." Enquiries: Innovation Group PLC Hassan Sadiq, Group Chief Executive 01489 898 300 College Hill Sara Musgrave/Carl Franklin/Ben Way 020 7457 2020 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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