British multinational markets operator and provider of post trade risk mitigation ICAP plc (IAP.L) has today reported that further to the announcement made on 30 September 2014, Iain Torrens, Group Finance Director, will step down from the Board with effect from 12 December 2014. As previously announced, he is leaving the Group to join British telecommunications conglomerate TalkTalk Group PLC.
David Ireland, Chief Financial Officer, Group Finance, Tax and Treasury will act as Interim Group Finance Director until the Board appoints a permanent successor to Mr Torrens. The search is at an advanced stage and an announcement will be made in due course.
Michael Spencer, Group Chief Executive Office of ICAP, said, “During his time at ICAP Iain has made a meaningful and positive impact on the company as a valued member of the Board and as part of the senior management team. I want to thank Iain for the outstanding contribution he has made to ICAP and wish him success in the future.”
For the official announcement from ICAP, click here.