Lyons and Hodges are beginning to stamp
their mark on the senior management teams within the Towergate Group with a
recent flurry of changes and promotions:
- Graham Barr (ex Heath Lambert) becomes CCV chief operating officer
- Michael Rea to head up Towergate Retail and Towergate Financial while continuing to oversee CCV
- Jonathan Walker to become integration director, working closely with Rea
- Tim Johnson who continues to head up Paymentshield takes over responsibility for Broker Network
- Clive Nathan adds PowerPlace to his existing portfolio of responsibilities
While it is not unusual for this type of re-jigging of
ownership – for example, Michael Rea used to be part of Towergate Underwriting,
Tim Johnson used to run CCV, PowerPlace was in the domain of Retail etc. –
perhaps this signals a ‘coming together’ of Towergate Retail and CCV in preparation
for eventual merger as well as a general drawing together of the disparate
parts of the Group by Lyons and Hodges in advance of the long-awaited
floatation.
With their (Towergate and CCV) senior management conferences next week – at a well known European golfing resort - no doubt more changes will be announced shortly (hopefully not as a result of any ensuing high jinks in the bar or on the golf course!).
What of Cullum and Proverbs?
Sources suggest that Peter has recently returned from the Indian
sub-continent where he most certainly wasn’t discussing an outsourcing deal,
and Tony has been relaxing in the Canary Islands without his beloved
Porsche. Behind the scenes their respective
influences are still keenly felt across the Group, but it must be hard to no
longer write the cheques and wield the axe.
Towergate continues to be great story – the next phases in
its development are as crucial as the last.
Long live Towergate!
@InsuranceNews24
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