13th Feb 2025 07:00
13 February 2025 | |
LBG Media plc
("LBG Media", the "Group" or the "Company")
Directorate changes
On 22 January 2025, the Board of LBG Media stated that Chief Financial Officer, Richard Jarvis, was taking some time away from the business for personal reasons. The Board now confirms that Richard Jarvis has stepped down as CFO and has left the business with immediate effect.
As previously announced, Dave Wilson moved into the executive Chair role on 22 January 2025, with a particular focus on supporting the finance and legal teams. His expertise and oversight will ensure the finance function continues to operate effectively whilst the Board identify a new CFO to support the growth ambitions of the Group. Dave has substantial financial and legal experience from a career that included 14 years as COO, CFO and Deputy CEO at GB Group plc.
The Board would like to thank Richard for the contributions he has made during his tenure and wishes him all the best in the future.
The process to identify a new CFO is underway and further announcements will be made in due course.
Solly Solomou, Group Chief Executive, said:
"I would like to thank Richard for his commitment and support. Richard has led important initiatives to build the finance and legal functions that will support our long-term growth ambitions and I wish him well for the future."
For further information please contact:
LBG Media plcSolly Solomou, Co-founder & CEO Richard Jarvis, CFOMatthew Lee, Investor Relations
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Zeus (Nominated Adviser & Broker) Dan Bate / Nick Cowles (Investment Banking) Benjamin Robertson (Equity Capital Markets)
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Tel: +44 (0) 161 831 1512 www.zeuscapital.co.uk |
Peel Hunt LLP (Joint Broker) Neil Patel Benjamin Cryer Alice Lane Kate Bannatyne
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Tel: +44 (0) 207 418 8990 www.peelhunt.com |
Media EnquiriesFTI Consulting LLP Jamie Ricketts / Kwaku Aning / Jemima Gurney |
Tel: +44 (0) 203 727 1000
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