Pepco Group appoints Willem Eelman as new CFO
Pepco Group has appointed Willem Eelman as its new Chief Financial Officer (CFO), the company announced today. He will assume the role following the group’s Annual General Meeting (AGM) on 12 March 2025.
Eelman will officially join Pepco Group on 3 February 2025 and take over as CFO after the AGM. He replaces Neil Galloway, who will step down as CFO and Executive Director and leave the company in early March after a transition period to pursue new career opportunities outside the company.
Additionally, Andy Bond has resigned as Chairman of the Board, effective after the AGM. He will remain on the board as a non-executive director, while Frederick Arnold, currently an independent non-executive director since June 2024, will take over as Chairman.
As part of an updated cooperation agreement, IBEX Topco Ltd., Pepco Group’s majority shareholder, will have the right to appoint a non-executive director and recommend the appointment of the Chairman of the Board and the Remuneration Committee, provided it retains more than 30% of voting rights in the company.
Source: Pepco Group and ISBnews