Update: Chief Financial Officer Succession

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Norman Broadbent PLC - NBB Update: Chief Financial Officer Succession Released 07:00 28-Feb-2020

RNS Number : 4021E

Norman Broadbent PLC

28 February 2020

Norman Broadbent plc

('Norman Broadbent', 'NBB' or the 'Group')

Update: Chief Financial Officer Succession

Norman Broadbent (AIM: NBB) - a leading London listed Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services (Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive-level Talent Solutions) provides the following update relating to Chief Financial Officer Succession Planning

Following the recent positive Trading Update which saw increased YoY revenues, growth at Net Fee Income level, and a return to full year profit for 2019, Will Gerrand, Group Chief Financial Officer, has advised the Board that now this milestone has been achieved, he plans to leave the Company in the near future and pursue other business interests.

A process is underway to find a successor and to ensure a smooth handover. As we approach the release of our 2019 Full Year Results (scheduled for early April), a further announcement on this will be made in due course.

Mike Brennan, Group Chief Executive said 'Will has been an excellent CFO and colleague during a crucial phase in our history as we returned Norman Broadbent to profitability and became cash generating. Will leaves with the appreciation and best wishes of the Board and colleagues.'

For further information please contact:

Norman Broadbent plc/ Mike Brennan 020 7484 0000

WH Ireland Limited/ Adrian Hadden 020 7220 1666

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Update: Chief Financial Officer Succession - RNS