The CPP Group Plc (Lon: CPP) today announced the reorganization of its leadership team and a set of cost reduction measures.
The CEO Simon Pyper will resign as CEO of the team from September 30, 2025 and will become the financial director and manager of Legacy. In this new role, Simon will focus on financial discipline, cash management and neat runoff and optimizing old -fashioned activities. He is expected to leave the team during 2026.
Chief Financial Officer David Bowling will resign from the Board of Directors and leave the company on September 30, 2025 after a smooth tradition, but will remain as a non -executive director of Homecare with supervisory responsibilities for runoff and regular closure.
Lead Officer Eleanor Sykes will resign as COO and leave the company on September 30, 2025, but will also remain as a non -executive director of Homecare with supervisory responsibilities for his work and regular closure.
The various actions taken by the Group in recent years are expected to see the central cost to reduce £ 10.1 million in the FY2023 in the run -up to the area of £ 2.5 million a year after the latest cost cut.
The team aims at significant cost reductions, including the lowest cost of the Board of Directors, the closure of the Leeds office and other defined central savings.