SSP Group Names Interim Chair and Reshapes Board Committees

SSP Group plc ( (GB:SSPG) ) just unveiled an announcement.

SSP Group plc has appointed non-executive director Carolyn Bradley as interim Chair of the Board following the departure of former Chair Mike Clasper at the conclusion of the company’s Annual General Meeting. The group also announced a series of governance changes, with Bradley becoming interim Chair of the Nomination Committee and relinquishing the Chair of the Remuneration Committee, which passes to long-standing committee member Judy Vezmar, while she also steps back from the Audit Committee to preserve board independence. In parallel, non-executive director Apurvi Sheth joins the Audit Committee during Bradley’s interim tenure as Chair, with the reshuffle clarifying the new composition and leadership of SSP’s Audit, Remuneration and Nomination committees as the company continues its search for a permanent Chair.

The most recent analyst rating on (GB:SSPG) stock is a Hold with a £180.00 price target. To see the full list of analyst forecasts on SSP Group plc stock, see the GB:SSPG Stock Forecast page.

Spark’s Take on GB:SSPG Stock

According to Spark, TipRanks’ AI Analyst, GB:SSPG is a Neutral.

The overall stock score for SSP Group plc is primarily influenced by financial performance challenges, including slow revenue growth and high leverage. Technical analysis shows strong momentum, but overbought conditions suggest caution. Valuation concerns due to a negative P/E ratio further impact the score.

To see Spark’s full report on GB:SSPG stock, click here.

More about SSP Group plc

SSP Group plc is an international operator of food and beverage outlets in travel locations such as airports, rail stations and service areas, providing branded and bespoke catering concepts to passengers and commuters worldwide.

Average Trading Volume: 4,141,979

Technical Sentiment Signal: Buy

Current Market Cap: £1.52B

For detailed information about SSPG stock, go to TipRanks’ Stock Analysis page.