ISG has announced its group finance director Jonathan Houlton will be replaced by former American Golf CFO Helen Cowing.
ISG tees up new finance director from American Golf
Ms Cowing will start the role on 14 March. She has spent the last year at American Golf and was CFO at Selecta and Fat Face prior to that.
She has also previously worked at Fritolay EMEA (PepsiCo) as operations planning director; Novartis Medical Nutrition as global head of business planning; and with APM Terminals as global head of finance.
Mr Houlton has been in the role for nine years and told the board he wished to resign, but he will remain with the company during the period of reporting its half-year results. He is expected to officially leave ISG on 30 June.
ISG chairman Roy Dantzic said: “[Helen] is a proven CFO with considerable operating experience of international businesses in growing markets.
”She brings to ISG a strong track record in financial management. I look forward to Helen making a significant contribution to the continued development of ISG in the coming months and years.
“The ISG board would like to take this opportunity to express its sincere gratitude to Jonathan for his valuable contribution to the group. During his tenure the group has expanded significantly in both the UK and abroad.”
The offer was extended by two weeks on Monday, with the ISG board advising shareholders to reject the takeover.