Personal Group Holdings Names New CFO Amid Strategic Leadership Transition

Personal Group Holdings PLC, an employee benefits and services provider based in Milton Keynes, announced that Chief Financial Officer Sarah Mace will step down from the board at the annual general meeting scheduled for May next year. Mace has served as CFO since October 2020 and played a key role in overseeing the divestment of non-core business areas and the development of the company's growth strategy. Her tenure was marked by consistent financial performance, contributing to a 73% increase in the company's stock price over the past 12 months. Matthew Cohen, currently CFO at Intact Insurance SA, a non-regulated life insurance company, has been named as Mace's successor. Cohen is expected to join the board and assume CFO responsibilities by mid-2025. The company emphasized a smooth leadership transition, with Mace supporting the business through the financial results announcement in March and remaining available to aid the handover process. The leadership change aligns with Personal Group's strategic focus on operational and financial leadership to achieve its five-year growth ambitions. The company’s board expressed confidence in Cohen’s capabilities to collaborate effectively with the CEO and executive team in delivering on these objectives.