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Dr Simon Thornton, Group CEO of PraxisIFM, has announced his intention to retire from his role, with Cees Krijgsman, who is currently CEO of InAdmin RiskCo, the Group’s technology-led pension administration business, appointed to replace him.
Dr Thornton will remain as a Group Director to facilitate the handover to Mr Krijgsman.
Dr Thornton joined PraxisIFM in 1992 as a trainee Chartered Accountant, and he has overseen a period of substantial growth for the Group, including the listing on The International Stock Exchange in April 2017.
PraxisIFM Group Chairman, Andrew Haining, said: "The Group is well placed for the next stage in ourdevelopment with discussions well underway for a planned listing on the London Stock Exchange next year. With this strategy in mind, Simon considered that this was the most appropriate time for both him and the business, to hand over the reins.
"InAdmin RiskCo became part of the PraxisIFM Group in November 2017 and so Cees is very well known by the senior management team and the Board,’ Mr Haining added. "Simon will be available over the next six months to ensure a smooth transition and Cees and the senior team look forward to working together on the next chapter in our development where technology plays an increasingly important role."
Netherlands-born and educated, Mr Krijgsman, has worked at senior level for technology-led companies since 1991. He joined InAdmin RiskCo in 2013 and has led its strategic development into a pensions administration outsourcing company with blue chip clients including AON, United Pensions and Hewlett Packard. Mr Krijgsman holds a degree in Mechanical Engineering.
"It is an honour to be appointed as Group CEO and I’m very excited and motivated for the future," said MrKrijgsman. "I’m looking forward to working with the PraxisIFM team and clients going forward. I thankSimon for the significant development and platform for growth that he has been so influential in creating."
Mr Krijgsman’s appointment is effective immediately, subject to regulatory confirmation.
Pictured top: Mr Krijgsman.
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