CPP Group (AIM:CPP), the international products and services business, today announces David Morrison has joined its Board as a non-independent non-executive director.
David brings more than 35 years’ experience of active engagement in both private and public companies. In 1999, he founded Prospect Investment Management, which was responsible for making a range of investments on behalf of its clients, and in early stage companies including PayPoint Plc, Venture Production Plc and MessageLabs Group, of which he was chairman prior to its sale.
In addition to those companies, he has sat on the board of several private and public companies both in the UK and elsewhere. He will operate in a non-independent capacity and will sit on the Board’s Audit and Risk & Compliance Committees.
Sir Richard Lapthorne, CPP Group Chairman, said:
“I am very pleased to welcome someone of David’s calibre to our Board and look forward to the contribution he will make. His extensive experience in corporate roles will give us valuable insight as we continue to grow our business across the world.”
David Morrison, incoming Non-Executive Director, said:
“CPP Group has demonstrated a strong track record in adding considerable value to its business partners and their customers. This has included investing in, or acquiring, start-up ventures and helping them grow to become significant contributors to the Group’s success. It is an exciting time for the business and I am looking forward to contributing to the Group’s ongoing growth.”
David John Morrison, 61, is or has been a director in the following companies during the past five years:
The Garden Museum
Strategic Equity Capital Plc
Abbotts Ann Farming Limited
Templeco 684 Limited
Singula Decisions Limited
The Houghton Club Limited
Prospect Investment Management Limited
PIML Properties Limited
Be Heard Group Limited
The Corner Communications (London) Limited
Record Plc Record Treasury Management Limited
Mondis Technology Limited
Snoozebox Holdings Plc
Grupa Duon SA (Formerly KRI and CP Energia)
David Morrison was a non-executive director of Patrizia Wigan plc, a privately owned company, which went into receivership in June 1992. Unpaid creditors, predominantly shareholder loans, amounted to £583,109. David Morrison was also a non-executive director of Purepower Group Limited, a privately owned company, which was placed into voluntary liquidation on 25 November 2011.
The Board confirms that no further disclosures are required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the proposed appointment of David Morrison to the Board of CPP Group plc.