Vistra, provider of international incorporations, trust, fiduciary, private office and fund administration services, has announced that CEO Martin Crawford will transition to the role of non-executive director on the company’s board.
During the search for a successor, chairman Simon Hinshelwood will act as interim executive chairman.
Crawford has led the group since 2009, and under his leadership, Vistra grew significantly and completed more than 30 mergers and acquisitions, including the acquisitions of Orangefield and, more recently, Radius.
Commenting on the transition, Crawford said: “After nine years as CEO of Vistra, I have made the decision to transition to a new role within the group and hand over the reins to a new chief executive who can oversee Vistra’s growth to 2020 and beyond.”
He added: “The board and our majority shareholder, baring private equity Asia, have invited me to remain on the board, as a non-executive director, and I look forward to contributing to the company’s ongoing growth in a new capacity.”
Hinshelwood, Vistra chairman, commented: “On behalf of the board and all of Crawford’s colleagues, I would like to thank him for his nine years of hard work and dedication to build Vistra into an industry leader.”
“I am delighted to still be working with Crawford in his new role as a non-executive director and he brings extensive industry experience and a valuable understanding of the business to Vistra’s growing Board.”
