CPP Apoints New Non Exec Director

CPP Group, the international products and services business, has announced David Morrison has joined its Board as a non-independent non-executive director.

The company said David brings more than 35 years' experience of active engagement in both private and public companies.

In 1999, he founded Prospect Investment Management, which was responsible for making a range of investments on behalf of its clients, and in early stage companies including PayPoint Plc, Venture Production Plc and MessageLabs Group, of which he was chairman prior to its sale.

In addition to those companies, he has sat on the board of several private and public companies both in the UK and elsewhere.

He will operate in a non-independent capacity as a representative of Hamish Ogston, CPP's founder and largest shareholder, and will sit on the Board's Audit and Risk & Compliance Committees.

Sir Richard Lapthorne, CPP Group Chairman, said:
"I am very pleased to welcome someone of David's calibre to our Board and look forward to the contribution he will make. His extensive experience in corporate roles will give us valuable insight as we continue to grow our business across the world."

David Morrison, incoming Non-Executive Director, said:
"CPP Group has demonstrated a strong track record in adding considerable value to its business partners and their customers. This has included investing in, or acquiring, start-up ventures and helping them grow to become significant contributors to the Group's success. It is an exciting time for the business and I am looking forward to contributing to the Group's ongoing growth."