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Fullagar to replace Foster as Financial Objects chairman

18 May 2007  |  1990 views  |  0 Source: Financial Objects

Financial Objects plc (LSE: FIO), an international supplier of software solutions to the banking, wealth management and energy sectors, is pleased to announce that Paul Fullagar, currently deputy chairman, is to assume the role of chairman from Roger Foster, who has announced his intention to retire from the Board and the company on 31 May 2007.

Roger was CEO from 2004 to the end of 2006, when he stepped down as CEO whilst remaining as part-time Chairman. During this period he has overseen three years of consistent trading growth, and has laid strong foundations for the future success of the company.

Paul Fullagar, who joined the Board in May 2004, is quoted as saying, "Roger is an outstanding businessman who has made a significant contribution to the industry and to the success of Financial Objects. I am honoured to take over from Roger, and look forward to building on his hard work."

Stewart Foster will also be leaving the Board on 31 May. Paul Fullagar is quoted as saying, "Stewart has been with the company for almost ten years, during which time he has played an important role in growing the business and in establishing the company's highly successful development centre in India. We wish him well in the future."

Trading continues in line with expectations and the Board retains the positive outlook it expressed at the Preliminary results in March and subsequently at the AGM.

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