Parity Group announce management shift & trading update
He will therefore step down from his role as Group Chief Executive Officer with effect from 1 July 2014 but will remain a Main Board director, and a director of SuperCommunications, the Group's recently launched high-tech marketing communications division, of which Andy Law is Executive Chairman. Philip Swinstead remains Group Executive Chairman and a director of both divisions.
Having successfully operated in this mode for three months, the Board has now agreed a variation to the service agreement with Paul from 1st July 2014 based on three days per week with adjusted remuneration, and his share option package remaining in place.
The Board is pleased to note that trading in the first half of this financial year was in line with its expectations, and is encouraged by the level of interest from brands following the recent SuperCommunications launch.