SINGAPORE, Aug. 19, 2024 /PRNewswire/ -- Vistra, a leading
provider of essential business solutions that help organisations to
invest and grow efficiently and compliantly across the world, is
pleased to announce the appointment of Andrew Cherry as Group Chief Financial Officer
(CFO) Designate, effective 21 August.
Initially based in Luxembourg
before moving to Singapore, Andrew
will lead the Group's finance function and be responsible for
driving the performance of the business to achieve its ambitious
long-term strategic and financial objectives, supporting its goal
of making operating globally feel frictionless for clients.
Group CEO Simon Webster states,
"The addition of Andrew to Vistra's executive team is a statement
of our intent as a business. Following the 2023 merger between
Vistra and Tricor, our focus this year has been on the successful
integration of the two businesses. As we move towards the end of
this initial 2-year operating cycle and look ahead to the next
2-year focus on growth acceleration, Andrew's appointment will
strengthen our leadership DNA with his outstanding track record in
successful businesses and provide invaluable experience for the
focus on growth."
Andrew will succeed Hilton Hess
who has served as our CFO since 2020 and has been instrumental in
shaping Vistra over the past few years and in making significant
improvements across both Finance and the wider organisation.
Simon adds: "We are grateful for the leadership and dedication
that Hilton has brought to Vistra. He has led numerous
acquisitions, refinancing events, and most recently his steerage
through the recent merger has been outstanding. Hilton's plan was
to step down once the subsequent integration of the expanded group
had been completed, and he will be leaving the business on 3
October. We wish him all the best in his well-deserved
retirement."
Andrew Cherry, Group CFO, adds,
"I am excited to be joining Vistra at a pivotal time in its
journey. The recent merger has provided the company with the
capabilities it needs to fulfil its ambitious plans and I am
looking forward to playing a leading role in taking the business to
the next level."
Nicholas Macksey, Partner within
the EQT Private Capital Asia Advisory team at Vistra's owner, EQT,
comments, "With a CFO career spanning 25 years, Andrew's deep
expertise in high growth situations, technology, and organisational
transformation make him an ideal fit for Vistra's development
journey. His commitment to executional excellence will also help
ensure the company is able to deliver at the highest level for both
clients and colleagues."
Andrew's prestigious career began at Price Waterhouse in the
United Kingdom, followed by
extensive experience in multiple sectors across PE-backed, private
and listed businesses including BAT plc, Cable & Wireless plc,
Gemini Consulting, Volex plc and Salamanca Group. He has worked
internationally in the UK, Europe,
US, the Caribbean and Asia. Most recently he was CFO at Alter Domus
for five years where he was instrumental to value creation and the
successful sales of the business to Cinven.
Andrew is a Fellow Chartered Accountant, with a bachelor's
degree in Physics from the University of Sheffield and a master's in Business
Administration from the J.L. Kellogg Graduate School of Management
at Northwestern University in
Illinois.
For further information, please contact:
Ellie King
media.enquiries@vistra.com
About Vistra
Vistra is a leading provider of essential business services to
help companies and private capital funds grow across the entire
business and investment lifecycle.
Here at Vistra, our purpose is progress. As a close ally
to our clients, our role is to remove the friction that comes from
the complexity of global business. We partner with companies and
private capital managers along the corporate and private capital
lifecycle. From HR to tax and from legal entity management to
regulatory compliance, we quietly fix the operational and
administrative frustrations that hamper business growth. With over
9,000 experts in more than 50 markets, we can accelerate progress,
improve processes, and reduce risk, wherever your ambition takes
you.
For more information about Vistra, visit vistra.com
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