Record plc announced that after 20 years at Record, and ten years as CFO, Steve Cullen has notified the board of his intention to retire as Chief Financial Officer in the summer of 2024.
The board announced Richard Heading's simultaneous appointment to the board in the role of executive director and CFO, the exact date for which will be confirmed and announced in due course. Richard has extensive experience working in senior finance positions within financial services, most recently as Group Finance Director for IG Group PLC, the FTSE 250 listed online trading provider. Richard brings extensive experience to the board in such areas as Financial and Capital planning, Investor Relations, Treasury and International operations. Steve will remain available on an advisory basis supporting the handover and transition of the CFO responsibilities in line with the Company's succession strategy. Richard will also replace Steve on the board of Record Currency Management Limited, the Group's UK regulated subsidiary, subject to receiving regulatory approval.