24 August 2022

Appointment of Chief Financial Officer

IWG plc ("IWG" or the "Group"), the world's leading supplier of flexible workspace solutions, has appointed Charlie Steel as Chief Financial Officer (CFO).  Charlie will join the Board prior to the end of 2022. Charlie will take over the CFO role from Glyn Hughes who will resign as a director of IWG plc on that date to undertake a Chief Executive Officer (CEO) role in a non-listed company. Glyn will remain with the business for a transitional period to ensure a smooth handover.

Charlie joins the business from Babylon Holdings (NYSE:BBLN), one of the world's leading and fastest-growing digital health delivery and AI diagnosis businesses. As CFO at Babylon, Charlie was heavily involved in the formulation and execution of strategy and played a leading role in the build-out of teams, systems, processes and new geographies at the company. Prior to Babylon, Charlie was Global Head of Corporate Development at CMC Markets Plc (LSE:CMCX) and was also a Vice President in the Investment Banking Division at Deutsche Bank AG.

Douglas Sutherland, Chairman of IWG said: "We are delighted that Charlie will be joining the IWG Board as CFO. He brings highly relevant experience that will prove tremendously useful to IWG and we look forward to working with him as we continue to enhance our digital platform and capital light model supporting accelerated growth. On behalf of the Board, I would like to take this opportunity to thank Glyn for his contributions during his time with IWG. He leaves the business and its balance sheet in a strong position to pursue our rapid growth ambitions. We wish him the very best for the future."

Mark Dixon, CEO of IWG said: "I would like to thank Glyn for his contribution to IWG as CFO. He leaves us in a strong position and we look forward to continuing and accelerating the momentum achieved so far in 2022. I am excited to welcome someone of Charlie's experience and he joins us at an exciting time for the business with hybrid working becoming the preferred operational model for a rapidly growing number of companies."

Charlie Steel added: "IWG is a fantastic business in a dynamic and exciting sector that is at the forefront of the rapidly evolving way we all live and work. I'm very excited to become CFO for the business and look forward to working with the board, management team and colleagues as we continue strengthening the position of the business and execute on the company strategy."

There is nothing to report pursuant to LR9.6.13R of the Listing Rules of the UK Listing Authority. 

ENDS

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