CPP Group plc (LON:CPP) today announced a reorganisation of its leadership team and a set of cost reduction measures.

Chief Executive Officer Simon Pyper will step down as Group CEO with effect from 30 September 2025 and will become Chief Financial Officer & Managing Director of Legacy Operations. In this new role, Simon will focus on financial discipline, cash management and the orderly run-off and optimisation of legacy activities. He is expected to leave the Group during 2026.

Chief Financial Officer David Bowling will step down from the Board and leave the company on 30 September 2025 following an orderly handover but will remain as a non-executive director of Homecare with oversight responsibilities for its run-off operations and orderly closure.

Chief Operating Officer Eleanor Sykes will step down as COO and leave the company on 30 September 2025 but will also remain as a non-executive director of Homecare with oversight responsibilities for its run-off operations and orderly closure.

The various actions taken by the Group in recent years is expected to see central costs come down from £10.1 million in FY2023 to a run rate in the region of £2.5 million per year, subsequent to the most recent round of cost cutting.

The Group aims for significant cost reductions, including lower Board costs, the closure of the Leeds office, and other identified central savings.