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CVS Group CEO Richard Fairman To Step Down Due To Personal Reasons

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

CVS Group Plc (CVSG.L) Monday said that its Chief Executive Officer or CEO Richard Fairman has informed the Board of his decision to retire from both the Board and his position for personal reasons.

The British veterinary services provider said that during Fairman's tenure, it expanded into the Australian market, completed the CMA process, and moved to the Main Market of the London Stock Exchange with inclusion in the FTSE 250 index.

According to CVS Group, Fairman will stay on in his role until a successor is appointed to support an orderly transition. The Board said that it will soon begin an executive search to identify his successor.

On the LSE, CVSG.L ended Friday's trading at 1,132.00 pence, down 1.7 percent.

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