Capital & Counties makes internal CFO appointment

16th Nov 2016 07:32

(ShareCast News) - Capital & Counties Properties announced on Wednesday that Situl Jobanputra will be appointed to the executive director position of chief financial officer, with effect from 1 January.The FTSE 250 company's appointment follows the resignation of Soumen Das as managing director and chief financial officer, which was announced on 26 July.It said the responsibility for the oversight of the Covent Garden development will revert to Ian Hawksworth, chief executive of Capco, with immediate effect.Das will step down as chief financial officer on 31 December, but will remain at Capco until 15 January to ensure a smooth transition.Capco's board said Jobanputra is an experienced corporate financier having led Deutsche Bank's UK real estate investment banking team before joining Capco in January 2014 to provide support on corporate finance and capital markets and to oversee the finance functions at Earls Court and Lillie Square."We are delighted to welcome Situl to the board of Capco and the role of chief financial officer," said Ian Hawksworth."He is well respected within the company and the wider markets and has significant investment banking and finance experience."Hawksworth said Capco is committed to developing talent and Jobanputra has consistently delivered since joining the firm."This appointment will also allow the existing successful finance structure to continue to operate efficiently."