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Director Appointments

CMC reorganises management structure

26 May 2017 09:26

CMC Markets' board has reorganised the executive management team's responsibilities to support the delivery of the group's strategy.

CMC said Grant Foley and David Fineberg would assume the newly created board roles of chief operating and financial officer, and group commercial director from 1 June, and would report to chief executive Peter Cruddas.

CMC said Foley would lead the group's corporate functions and Fineberg would lead the group's commercial activities.

Cruddas said: "These changes will streamline our management structure and improve organisational effectiveness, allowing me to focus on our strategic development and opportunities."

Chairman Simon Waugh added: "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."

At 9:26am: (LON:CMCX) CMC Markets Plc share price was -0.12p at 128.13p

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