Business
Reorganisation of Management Structure
Reorganisation of Management Structure.
About this update from Cmc Markets Plc
[{"type":"text","content":"\n \nRNS Number : 2976G CMC Markets Plc 26 May 2017 \n\n26 May 2017\nCMC MARKETS PLC\n \nReorganisation of management structure\n \nCMC Markets Plc (\"CMC\"), a leading global provider of retail CFD trading, today announces that following a review of the executive director's roles and responsibilities, the Board has agreed to reorganise the executive management team's responsibilities to support the delivery of the Group's strategy. \n \nWith effect from 1 June 2017, Grant Foley and David Fineberg will assume the newly created board roles of Chief Operating and Financial Officer, and Group Commercial Director, reporting to CEO Peter Cruddas. In these roles, Grant Foley will lead the Group's corporate functions and David Fineberg will lead the Group's commercial activities.\n \nPeter Cruddas, CEO, commented:\n \n\"These changes will streamline our management structure and improve organisational effectiveness, allowing me to focus on our strategic development and opportunities.\" \n \nSimon Waugh, Chairman commented:\n \n\"I'm delighted that the Board has recognised Grant's and David's contribution to CMC with these new responsibilities; they are well earned and both will continue to provide strong leadership of the business alongside Peter. The recent ANZ transaction shows the ambitions of CMC and these changes will allow Peter to have greater focus on strategic growth initiatives and opportunities, alongside his day-to-day running of the business.\" \n \n \nEnquiries\nCamarco (Financial PR) +44(0) 20 3757 4994\nGeoffrey Pelham-Lane\nEd Gascoigne-Pees\nJennifer Renwick\n \n \nNotes to Editors\n \nCMC Markets plc (\"CMC\"), whose shares are listed on the London Stock Exchange under the ticker CMCX, was established in 1989 and is now one of the world's leading online fina...