CPP Group Plc chief executive Jason Walsh is leaving the insurance provider at the end of the month.
“I am very proud to have led the team that has helped make CPP Group the success it is today and to have transformed the business to enable it to take advantage of future opportunities,” stated the CEO. “I wish the new management team the best as they seek to capitalise on the good progress made over the last few years. I remain a strong advocate of the company and look forward to following its progress over the coming years.”
Further details of Walsh’s departure weren’t provided. The outgoing boss, who has been with CPP Group for nearly two decades, will be succeeded at the top by chief financial officer Simon Pyper.
“Jason became chief executive officer of CPP Group in 2016 following several years of regulatory and financial tribulations,” noted non-executive chair David Morrison. “In the last six years, he has guided the group to a point where it is financially stable, and where the potential for growth is enhanced.
“During his tenure, our businesses in India and Turkey, in particular, have enjoyed notable success, and steps have been taken to position the group’s product portfolio for the digital age. All his friends and colleagues in the business wish him all the best in his future endeavours.”
Morrison added: “On behalf of the board, and personally, I would like to thank [Walsh] for the role that he has played and for his contribution to the business during his tenure. I am also delighted to welcome Simon Pyper as chief executive officer, who will now guide the business as it seeks to exploit the many opportunities that lie ahead.”
Meanwhile, subject to satisfactory completion of due diligence, the CFO will be replaced by colleague David Bowling.
