SGG Group has appointed Serge Krancenblum to the new position of group executive chairman and chair of the group’s supervisory board.
Mark Pesco will take over Krancenblum’s role as CEO. Both appointments are subject to regulatory approval.
As group executive chairman, Krancenblum will chair the supervisory board of the group and act as an adviser to Pesco.
Krancenblum will lead mergers and acquisitions strategy and drive the group corporate social responsibility agenda.
As group CEO, Pesco will be responsible for setting the strategic direction of the business and the day to day management of the business.
Pesco joined SGG Group as group segment leader of private clients following the acquisition of First Names Group in 2018 where he previously held the role of CEO.
Commenting on his new role, Pesco said: “I feel extremely honoured to have been given this opportunity at this point in the group’s evolution. Serge Krancenblum has been a tremendous catalyst in this business; his vision together with the support of our private equity partner Astorg has delivered us to where we are today; my job is to build on this success.”
Krancenblum added: “I am really pleased to have found in Mark Pesco the ideal candidate to succeed me as group CEO. Being able to select someone of his calibre from within our own ranks evidences the incredible pool of experienced and talented people we have within our business.”
