Credit card insurer CPP has appointed Roger Canham as executive chairman.
Mr Canham, who is chairman Phoenix Asset Management Paretners and collectibles group Hornby, replaces Eric Anstee with immediate effect.
It comes just six months after Mr Anstee’s appointment as chairman, which was announced in January alongside a raft of restructuring measures.
He was named executive chairman in February, after chief executive Brent Escott stood down.
Mr Canham joined CPP’s board as director earlier this year. He has been chairman of Phoenix Asset Management Partners, one of CCP’s major shareholders, since 2009.
CPP has faced a turbulent time in the last 12 months, with share price falls prompting a refocussing of the group’s business and a move to the Alternative Investment Market (AIM) on the London Stock Exchange.