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LONDON - Begbies Traynor Group plc announced Tuesday the appointment of Mark Fry as Group Chief Executive Officer, a newly created position effective immediately. Fry, previously the head of restructuring and advisory services, will assume responsibility for the day-to-day leadership of the financial and real estate advisory firm.
The leadership restructuring comes as the company has tripled in size over the past decade, with a six-fold increase in adjusted profit before tax. Ric Traynor will continue as Executive Chairman, focusing on strategic development, while Nick Taylor remains as Group CFO, a position he has held since 2010.
Fry joined Begbies Traynor in 2005 following the acquisition of his practice and was appointed to the Group board in 2011. In his new role, he will drive implementation of the company’s growth strategy while continuing to serve as a senior fee earning partner.
The firm is also establishing a new management board to support day-to-day operations. Julian Pitts will take over restructuring services from Fry, while Anthony Spencer will lead real estate advisory. Fry will maintain management responsibilities for financial advisory services.
"Having significantly grown the group over the last ten years, now is the time to evolve and optimise our leadership structure," said Traynor in the company statement.
Fry expressed enthusiasm about his new role, stating, "I am looking forward to working alongside the leadership team to deliver our growth ambitions."
The appointment represents a significant organizational change for Begbies Traynor as it positions itself for continued expansion, according to the company’s press release.
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