By Ben Ready
After more than four years as a non executive director of the company, FIIG’s founder Jim Stening is returning to full time executive duties with the company while we undertake a search for a new managing director/chief executive officer
After more than four years as a non executive director of the company, FIIG’s founder Jim Stening is returning to full time executive duties with the company while we undertake a search for a new managing director/chief executive officer.
Jim has been appointed acting managing director following the decision by current managing director and CEO Mark Paton to step down from the role. FIIG has commenced a wide ranging search to find a permanent replacement with Jim taking over all of Mark’s duties in the interim.
After founding the company in 1998, Jim held the position of managing director for 14 years until late 2012 when he handed over to Mr Paton and took on a non executive role on the board.
Chairman Douglas Bates thanked Mr Paton for his contribution and commitment over the past four years. Mr Paton and the board are exploring a potential role at Gieldan Capital, the alternate debt joint venture between FIIG & MH Carnegie.
“Mark has played a key role in the growth and success of the company over the last four years and we wish him well for the future,” Mr Bates said.
Jim said he was looking forward to re joining the company in an executive capacity while the search for a longer term replacement was undertaken.
“FIIG is in a strong financial position with a growing and highly engaged client base,” he said. “I look forward to rejoining the company.”