Colt appoints CFO

17 October 2014 |

Colt Group has today announced the appointment of Hugo Eales as chief financial officer at the company, effective November 1 2014.

Eales will also join the board of directors at Colt, replacing Mark Ferrari who has completed his secondment from Fidelity Investments and will step down from the board as of October 31 2014. Ferrari will leave the company on December 31 2014.

With a background in companies such as BT Global Services, CSC Computer Sciences and Salomon Brothers, Eales will be responsible for pushing Colt’s financial and commercial agenda across the company.

“We welcome Hugo at Colt at an exciting time as we reposition the business for significant growth opportunities with our lines of business,” said Rakesh Bhasin, CEO at Colt. “Hugo brings a wealth of experience to Colt, including extensive financial, commercial and operational experience with complex global organisations and IT services companies.”

Last month, Colt completed its second London-Ireland route and Eales’ experience is expected to drive further growth for the company.

“I am delighted to join Colt and look forward to driving profitable revenue growth, creating improved commercial focus across the business and increasing shareholder value,” Eales said.