Simon Waugh to retire from CMC Markets’ Board of Directors
After almost 10 years as a non-executive director of the Group and 4 years as Chairman Simon Waugh will be retiring from the board with effect from 31 December 2017.
CMC Markets Plc, a leading global provider of CFD trading, today announces the following changes to its board of directors.
After almost 10 years as a non-executive director of the Group and 4 years as Chairman Simon Waugh will be retiring from the board with effect from 31 December 2017. In line with the Group’s succession planning and having served on the board for two years, James Richards will become Chairman of the CMC Group following Simon’s departure.
Simon is also Chairman of CMC Markets Group Australia Pty Ltd, and will continue to hold this position until 31 December 2018, overseeing the strengthening of the Asia Pacific board, reflecting the growing importance of the region to the Group.
James is currently Chairman of CMC Group’s Remuneration Committee and a member of the Group Audit Committee and Group Risk Committee. He was a partner at Dillon Eustace, a law firm specialising in financial services in Ireland, prior to that he was a banking and finance partner at Travers Smith LLP for fourteen years. Having occupied various senior positions within leading law firms, James has extensive experience in debt capital markets, derivatives and structured finance, working with major corporates, central banks and governmental organisations.
Peter Cruddas, CEO commented “Simon’s contribution over his many years with CMC has been invaluable; his experience and input into the business has helped us become a public company and I am delighted that he will continue to be involved with the Group. I very much look forward now to working with James as Chairman; he has made a significant positive contribution to the Board and Company.”
Simon Waugh commented “I have thoroughly enjoyed my time with CMC and now that the Group has been listed for almost two years, the time is right to retire from the Group board. I am looking forward to continuing to work with the Group at this exciting time.”