RNS Number : 3418D
AssetCo PLC
20 June 2023
 

20 June 2023

LEI: 213800LFMHKVNTZ7GV45

AssetCo plc

("AssetCo" or the "Company")

Board Change

 

The Board of AssetCo announces that Campbell Fleming has decided to step down as Chief Executive Officer after overseeing the formation of the Company, completing a series of acquisitions and guiding their integration. Campbell is leaving for personal reasons and his last day with the Company will be 30 June 2023. 

Consistent with the holding company nature of AssetCo's business, the Company will not be replacing Campbell directly. Martin Gilbert and Gary Marshall will instead assume his principal responsibilities, with Martin as Executive Chairman being responsible for the overall strategic direction of the Group and Gary overseeing day-to-day operations as CFOO. Alex Hoctor-Duncan, CEO of AssetCo's principal operating company, River and Mercantile, is already taking on additional responsibilities as the Group's active equities businesses integrate under that brand (as previously announced). This process is expected to continue as the Group moves towards delivering on its growth plans.  

Martin Gilbert, Executive Chairman of AssetCo, commented:

 

"On behalf of the Board, I would like to thank Campbell for his contribution to the development of AssetCo.  The Board and I are grateful to Campbell for his efforts and hope to continue our long association with him in supporting and guiding some of our underlying businesses." 

 

Campbell Fleming, commented:

 

"It was the right business and personal decision to step down after an extremely demanding 20 months integrating the group and as I now look to pursue additional non-executive roles.  I will continue to support, as well as remain a shareholder of, AssetCo as I believe in its strategy, team and its people who continue to deliver for our clients as shown by our results."

 

For further information, please contact:

AssetCo plc

Martin Gilbert, Executive Chairman

Peter McKellar, Deputy Chairman

Gary Marshall, Chief Financial and Operating Officer

Tel: +44 (0) 785 0464 301

Numis Securities Limited

Nominated adviser and joint broker

Giles Rolls / Charles Farquhar

Tel: +44 (0) 20 7260 1000



 

Panmure Gordon (UK) Limited

Joint broker

Atholl Tweedie

Tel: +44 (0) 20 7886 2906

 

H/Advisors Maitland

Neil Bennett

Rachel Cohen

Tel: +44 (0) 20 7379 55151

 



For further details, visit the website, www.assetco.com

Ticker: AIM: ASTO.L

 

 

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