REG - Mind Gym PLC - CFO succession

Mind GymAnnouncement

28/08/2024 07:00

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RNS Number : 8962B  Mind Gym PLC  28 August 2024

28 August 2024

Mind Gym plc

("MindGym" or the "Company")

CFO succession

Dominic Neary to step down as Chief Financial Officer of MindGym;

Emily Fyffe appointed as successor.

MindGym, the global provider of human capital and business improvement
solutions, announces that Dominic Neary will be stepping down as Chief
Financial Officer (CFO) on 25 October 2024 to pursue a new opportunity. Emily
Fyffe, currently Group Finance Director, is appointed as CFO Designate,
effective today's date, with a transition plan to assume full CFO
responsibilities by the time of Dominic's departure.  At the present time,
Emily will not be appointed as a Director or join the Board of the Company.

Emily joined MindGym in 2016 and has held increasingly senior finance roles in
the Company, including Group Financial Controller and most recently Group
Finance Director.  She has strong finance credentials, a track record of
delivery and a thorough understanding of the business.  Emily has played a
critical role in strengthening the company's operating and financial position
to provide greater resilience against challenging market conditions and set
the foundations for profitable, sustainable growth following the new strategic
direction initiated by Christoffer Ellehuus, Mind Gym's CEO, following his
appointment in early 2024.  She has over 10 years' finance experience and
qualified as a Chartered Accountant at Grant Thornton, Australia in 2013.
Emily's transition to the role of CFO aligns with the Board's succession
plans.

The orderly handover of CFO responsibilities to Emily is expected to conclude
by 25 October 2024, shortly after the planned announcement of the Company's H1
trading update for the six months ended 30 September, which is expected to be
issued on 22 October 2024.

Christoffer Ellehuus Chief Executive of MindGym, said:

"We are delighted to appoint Emily as CFO Designate.  She has provided
critical support to me in the development of MindGym's new strategy to deliver
profitable, sustainable growth and I Iook forward to working closely with her
in its ongoing implementation.

We are grateful to Dom for his significant contribution to MindGym over the
last three years, his hard work and dedication and we wish him all the best in
his future endeavours."

Dominic Neary, CFO of MindGym, said: "I am very happy to be handing over to
Emily, for whose unstinting support and hard work I am extremely grateful.
With MindGym having entered the current financial year in a more resilient
financial and operating position, I have no doubt that under Christoffer and
Emily's leadership the business will prosper."

Emily holds 685 shares in the Company granted in October 2018 under the Share
Incentive Plan and 78,302 options in the Company issued as part of Company's
Long Term Investment Plan.

 

 Mind Gym plc                                                        +44 (0) 20 7376 0626
 Christoffer Ellehuus (CEO)

 investors@themindgym.com

 Panmure Liberum Limited (Nominated Adviser and Sole Broker)         +44 (0) 20 3100 2000
 Nicholas How

 Anake Singh

 MHP (for media enquiries)                                           +44 (0) 7885 447 944
 Reg Hoare

 Katie Hunt

 Veronica Farah

 Finn Taylor

 mindgym@mhpgroup.com

 

 

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