CEO's On the Move
China Art Financial Holdings Limited Announces Change of Chief Executive Officer
China Art Financial Holdings Limited
:Stock Exchange of Hong Kong Limited) The board of directors of China Art Financial Holdings Limited announced the following changes to the Chief Executive Officer of the company: With the expansion of the Company's scale of business and considering the development requirements of the Company, Mr. Fan Zhijun (Mr. Fan') wishes to dedicate ...
Upcoming Board Meetings
September 22, 2017
Localiza Rent a Car S.A., Board Meeting, Sep 22, 2017. Agenda: To consider analysis and follow up of the monthly results; and to consider deliberate on interest on capital.
Localiza Rent a Car S.A. Key Board Members
Compagnie Financière Richemont SA Announces Executive Changes
Compagnie Financière Richemont SA appointed Dr. Jean-Jacques van Oosten to the newly created role of Chief Technology Officer and will join the Senior Executive Committee effective 1 January 2018. Dr. van Oosten's twenty one year career has been primarily in the retail and digital sectors. Prior to his latest role as Group Chief Digital Officer and CEO of Rewe Digital, Dr. van Oosten held a number of CIO positions at Travis Perkins Group, Tesco, Kingfisher, EDS and Unilever. Ms. Sophie Guieysse has been appointed Group Human Resources Director and will join the Senior Executive Committee effective 1 October 2017. Ms. Guieysse will succeed Mr. Thomas Lindermann who will leave Richemont for personal reasons and step down from the Group Management Committee with effect from 31 October 2017. Mr. Lindemann was appointed Group Human Resources Director and member of the Group Management Committee in 2005. Prior to that, he held the role of Human Resources Director first at Montblanc and then at Richemont Northern Europe. These appointments will strengthen significantly the Group's ability to address current challenges and bring Richemont into a new era of agility and performance.
Santos Limited Announces Retirement of Roy Franklin OBE as Non-Executive Director, Effective 30 September 2017
Santos announced non-executive director Roy Franklin OBE will retire from the Board, effective 30 September 2017.
The Paragon Group of Companies PLC Announces Strategic Reorganisation; Announces Board Changes
The Paragon Group of Companies PLC (the group) announced a strategic reorganisation of the group to accelerate its transformation into a diversified specialist banking institution. This reorganisation will increase operational and financial efficiency, enhancing engagement and delivery to customers and business partners and will increase the group's capacity to meet its ambitious growth plans. As part of the reorganisation, the group also intends to change its name to Paragon Banking Group PLC and to refresh its branding. A series of actions have been taken to simplify the group's corporate structure: The group's holding company, following PRA and FCA approval, has sold investments in Paragon Finance PLC and certain legacy origination companies to Paragon Bank PLC; As a consequence, all the group's lending and operating activities, together with substantially all its loan portfolios including the group's SPVs, now sit below Paragon Bank within the group structure, with the exception of Idem Capital and certain other, non-material, entities; All the group's employees are now employed by Paragon Bank or one of its operating subsidiaries. These actions reflect the group's strategy to source the majority of its funding from the retail deposit market, whilst utilising other sources opportunistically. These changes will mean that Paragon Bank no longer requires substantial periodic capital injections from the group, as it will be self-sustaining and consistently profitable. Over time, they are also expected to have a favourable impact on the group's cash requirements and working capital cycle.
The group has adopted a new, streamlined management structure, with specific responsibilities as follows: Patrick Newberry and Finlay Williamson join the group board, currently non-executive directors of Paragon Bank PLC. Finlay becomes chairman of the risk & compliance committee, in place of Fiona Clutterbuck, and a member of the audit committee, and Patrick becomes a member of the audit, risk & compliance and nomination committees. Fiona Clutterbuck becomes chairman of the remuneration committee, taking over from Alan Fletcher who will cease to be an independent non-executive director in February 2018. Barbara Ridpath and Graeme Yorston join as non-executive directors and become members of the audit committee and the risk & compliance committee. Stephen Blaney, formerly chairman of Paragon Bank, leaves the business after leading the bank's board during its initial growth phase. Executive and non-executive directors of the group board now also constitute the board of Paragon Bank. All of the above changes are effective from September 20, 2017. The new management structure brings a more simple and effective governance structure which will enhance operational efficiency and optimise the speed of decision-making.