Placing Platform Limited (PPL) has announced a major restructuring of its senior leadership team to support its transition from a market utility to a market-owned data and technology business. The overhaul follows earlier changes to the company’s board and governance structure, with these changes expected to drive growth and strengthen client relationships.
Changes made to the executive team include the creation of a product office to focus on building new capabilities and products designed to support brokers and carriers throughout the trading cycle. This division will be led by Tanya Duckworth, who has been appointed chief product officer.
To accelerate business growth, a new revenue office has been established under Simon Bailey, who assumes the role of chief revenue officer. Andy Woolley has been named chief design officer, tasked with ensuring the platform’s functionality and design remain consistent as new capabilities are integrated.
PPL’s engineering and technology functions have been consolidated under a single department, led by Mark Griffith as chief technology officer, as PPL aims to shift towards becoming a technology-centric enterprise. Meanwhile, Colin O’Malley continues as chief operating officer, with an expanded focus on streamlining the operating model to enhance strategy execution. Amit Arora remains chief financial officer and a PPL board member, with a focus on commercial strategy.
The news release highlighted that these changes follow governance reforms introduced earlier this year, which reduced the number of board directors from 15 to nine. The revised board structure is also expected to ensure that PPL’s ownership by the market remains reflected in its governance.
CEO John Mason emphasised the importance of the leadership changes in advancing the company’s goals. “The reorganisation of my leadership team is the final piece in this jigsaw and sets us up well to deliver on our heightened strategic ambitions,” Mason said. “Fundamentally, we remain focused on how we can empower brokers and carriers building on our market owned critical infrastructure. With my refreshed team we can now look to accelerate progress and deliver for our clients.”
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