Management change


AssetCo Fire and Rescue is pleased to announce the appointment of Scott Brown as its new Chief Financial Officer with effect from 4th October 2010, replacing Frank Flynn.  Mr Flynn was one of the original 2005 Management Buy-In/Buy-Out Team and leaves the Board as part of the business’s long-term succession planning.

Mr Brown, a Chartered Accountant, was formerly Corporate Vice President of US headquartered Parexel Inc, and Chief Financial Officer of Clinphone plc, a supplier of clinical trial services to the pharmaceutical industry,  prior to its acquisition by Parexel in 2008.

Chairman, Tim Wightman commented “We are pleased to welcome Scott to the Company. He  brings  experience and knowledge of leading the financial management of an international service-based business at a time when we have a number of new and exciting opportunities opening up.”

“The Board would like to thank Frank for his significant contribution to AssetCo Fire and Rescue since 2005, and wish him well in his future endeavours.” 

AssetCo plc                                          +44 (0) 20 8515 3999 
John Shannon, Chief Executive Officer
Arden Partners plc                                 +44 (0) 20 7614 5932
Richard Day
Cadogan PR                                          +44 (0) 7771713608

Regulatory details:

Mr Brown is 42 years old and has been a director of the following companies during the following times:

Company  Position  Dates
ClinPhone plc and related group companies  Chief Financial Officer March 2005 to September 2008
Blairgowrie Limited  Director  February 2004 to current

Save as stated above, there is no information that is required to be disclosed under Schedule 2, paragraph (g) of the AIM Rules.