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Assurant's Tim Clancy to manage books at Park Group
Multi-retailer gift voucher and gift card provider Park Group has appointed Tim Clancy to succeed Martin Stewart as its group finance director, it announced on Monday.
The AIM-traded firm said Clancy would join the company and the board in August.
On 21 December last year, it announced that Stewart would step down from the board on 4 August, but would remain with the company to ensure an orderly transfer to his successor.
On Monday, it said he had agreed to remain in post until the handover could be completed.
From 2013 to his appointment at Park, the board said Clancy had held the role of chief financial officer at Assurant Europe - the European subsidiary of US-listed global insurance provider Assurant.
Assurant Europe had revenues of around $400m and operations in the UK, Ireland, Germany, France, Spain and Italy.
As part of his role at Assurant, Clancy oversaw acquisitions of businesses in the UK, France and Germany, and the integration and consolidation of those acquisitions, generating substantial cost savings and "significantly increasing" the European group's profitability.
Other previous roles included finance director of Lifestyle Services Group, an insurance administrator and outsourcing provider, from 2011 to 2013, and from 2009 to 2011 he was commercial finance director of Shop Direct Group - the owner of consumer brands Littlewoods and Very - which transitioned from a traditional mail order and high street retail business to an online retailer with revenues of £1.5bn.
Prior to that , for 10 years Clancy worked at MyTravel, where he was finance director of the Airtours division and managing director of Going Places - a high street retailer with 500 stores throughout the UK employing 3000 staff.
He is an associate of the Chartered Institute of Management Accountants.
"We are very pleased to welcome Tim to the company as group finance director," said Park Group chairman Laura Carstensen.
"He has a great deal of experience in businesses and sectors which are extremely relevant to Park.
"We will ensure a thorough handover and look forward to working with Tim as we continue our growth trajectory into the future."