Group Finance Director vacancy at Man Group plc

The Board of Man Group plc has announced that, effective 1 April 2007, Group Finance Director Peter Clarke will be appointed Group Chief Executive, and present Chief Executive Stanley Fink will become non-executive Deputy Chairman. Mr Fink will also retain his role as Chairman of the Strategic Investment Committee of Man Investments. The Group will appoint a new Group Finance Director in due course.

Mr Clarke joined Man Group in 1993 and has served in a variety of roles, including Group Company Secretary. He was appointed to the Group Board in 1997 and became the Group Finance Director in 2000. In November 2005 he was given the additional title of Group Deputy CEO.

Stanley Fink said: “I am delighted to have Peter as my successor as Chief Executive. His enormous contribution to the success of the Group has been clearly recognised both within the firm and in the market, and I have every confidence that he will be a strong and effective leader of both our main businesses. I look forward to continuing to add value to the business, particularly regarding strategic investment decisions on the part of Man Investments’ main investment units.”

Peter Clarke said: “I am excited to have the opportunity to lead the Group’s continued development. Man has established leading positions in both its businesses and has an enormous pool of talent across the Group, led by Kevin Davis at Man Financial and John Morrison at Man Investments. Stanley and I have worked together at Man for 13 years and I am very pleased that we retain his valuable contribution to the Group in the years ahead.”