The Board of SEC Newgate announced the appointment of Sergio Penna as Group Financial Officer. This follows the decision of Federico Vecchio, currently Chief Financial Officer, to step down for personal reasons. Mr. Vecchio was not a member of the Group Board.

Mr. Penna will join the Group on 1 June 2020 in order to ensure an effective handover with Mr. Vecchio, who will be leaving on 30 June 2020. It is intended Mr. Penna will join the Board of SEC Newgate during the Autumn of 2020. His most recent role was as Finance Manager at MotorK.