FCA regulated online CFD brokerage house CMC Markets Plc (LON:CMCX) just announced that following a review of the executive director’s roles and responsibilities, the Board has agreed to reorganise the executive management team’s responsibilities to support the delivery of the Group’s strategy.
With effect from 1 June 2017, Grant Foley and David Fineberg will assume the newly created board roles of Chief Operating and Financial Officer, and Group Commercial Director, reporting to CEO Peter Cruddas. In these roles, Grant Foley will lead the Group’s corporate functions and David Fineberg will lead the Group’s commercial activities.
Peter Cruddas, CEO, commented:
These changes will streamline our management structure and improve organisational effectiveness, allowing me to focus on our strategic development and opportunities.
Simon Waugh, Chairman said:
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.
Former COO David Hodge who joined CMC Markets as COO back in 2015, left for OANDA Europe as its new CMO last month.