Anexo Group plc (LON:ANX), the specialist integrated credit hire and legal services provider, has today announced that Mark Bringloe is stepping down as a Director and Chief Financial Officer and will be leaving the Group in order to pursue other opportunities.
Mark joined Anexo in 2009 and helped lead the business through its successful IPO in 2018. He has been instrumental in building the finance function and embedding financial systems within the business. Mark will remain with the Group on a consultancy basis for an initial period of three months to ensure a smooth transition. The Board thanks Mark for his significant and valuable contribution and wishes him well with his future endeavours.
The Board is delighted to announce that the position of Chief Financial Officer will be filled by Mark Fryer who will join the Group on 1 August 2022. Mark brings a significant breadth of financial expertise across a broad range of both listed and private companies. The Board intends to appoint Mark as a Director upon completion of the necessary AIM Rule requirements.
Most recently, Mark held the position of Group Finance Director at Augean plc, a leading UK specialist waste management business, where he joined the Board in December 2016. Prior to this he was Group Finance Director of Dialight PLC and Manganese Bronze Holdings PLC. He also held the position of Interim Chief Finance Officer of two private equity owned businesses, Bridon International Ltd and Nualight Limited.
Alan Sellers, CEO of Anexo Group, said: “We are delighted to welcome Mark Fryer to the Group. His considerable experience of both public and private companies will be of significant help to us as we continue to grow the business and seek to create value for all shareholders. I would also like to thank Mark Bringloe for his major contribution to the Group’s development.”
Mark Fryer, CFO of Anexo, said: “Anexo is a unique business with an excellent reputation and a robust business model which has proved its worth over many years. I am delighted to be joining the team as it builds on its existing credit hire and litigation model and look forward to contributing to its future growth.”
Anexo Group is a specialist integrated credit hire and legal services provider. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm. The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.
Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services. The Group’s Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.