Business
CFO Appointment
CFO Appointment.
About this update from Zigup Plc
[{"type":"text","content":"\n \nRNS Number : 5246S Northgate PLC 26 June 2018 \n\n \n26 June 2018 \n \n \nNORTHGATE PLC\n \nAppointment of Chief Financial Officer\n \nNorthgate plc, the leading light commercial vehicle hire business in the UK, Spain and Ireland, is pleased to announce the appointment of Philip Vincent as Group CFO and Executive Director with effect from 16 July 2018. David Tilston, the current Interim CFO, will remain in the business for a short period to facilitate an effective handover to Philip. \nPhilip was most recently at SABMiller plc where he was Regional Finance Director, Asia Pacific and had previously been Director of Group Finance and Control. Prior to this Philip spent three years as Chief Financial Officer of BBC Worldwide, the main commercial arm of the BBC, following a range of senior financial roles there spanning over ten years. A member of the Institute of Chartered Accountants, Philip began his career at KPMG in London and New York and subsequently worked in several financial roles at Bunzl plc.\nAndrew Page, Chairman of Northgate, commented:\n\"I am delighted to welcome Philip Vincent to the Board of Northgate. He brings a wealth of relevant financial and commercial experience gained in a wide range of senior roles, in the UK and internationally, which will enable him to make a significant contribution to Northgate's future success. I would like to thank David Tilston for undertaking the role of CFO on an interim basis.\"\nKevin Bradshaw, Chief Executive of Northgate, commented:\n\"Philip is a high calibre finance professional whose career to date makes him very well suited to support the execution of our strategy. I look forward to working closely with him to drive forward the transformation of our UK business, maintain our rapid growth in Spain and achieve our ambitious goals for Northgate.\" \n \nNotes\nPhilip Vincent has been appointed on an annual salary of £330,000, effective from 16 July 2018. He will receive an annual pension contribution equivalent to 18% of his base salary. Philip's maximum annual bonus opportunity is 100% of base salary and Executive Performance Share Plan (EPSP) award will be 150% of base salary. His annual bonus and EPSP award will be prorated for the first year of employment. All elements of remuneration are in line with the Company's...