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Close Brothers Group plc

Close Brothers’ Preben Prebensen to step down as CEO

Close Brothers Group (LON:CBG) has today announced that after ten years, Preben Prebensen has decided that the time has come to step down as chief executive, and move on to the next stage of his career.

The Board will now commence a formal search for a successor, considering both internal and external candidates. Preben will remain with the group for the next 12 months to ensure a smooth handover.

Mike Biggs, Chairman, said: “I am immensely grateful for Preben’s strong and successful leadership during a period of significant growth and development for Close Brothers. Preben has refocused, professionalised and strengthened the organisation, while preserving the core values and long-term discipline which are at the heart of our business model. The Board will now commence a thorough search for a successor, in line with our well-established succession process, to ensure we continue to protect and build on this successful model in years to come.”

Preben Prebensen, Chief Executive, said: “After ten years as chief executive, it is now time for me to hand over the leadership of Close Brothers. It has been a privilege to lead such a special and successful organisation, and I am deeply grateful for the dedication and commitment of our employees and the support of the Board during this time. The group is clearly well positioned for the years ahead, with an excellent team in place, and I look forward to working closely with the Board over the next year to continue delivering on our strategy and ensure a smooth and successful transition.”

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