YORK credit card insurer CPP has appointed an interim chief executive following the departure of Brent Escott in February.

Subject to regulatory approval, Stephen Callaghan will report directly to current executive chairman Eric Anstee, who will revert to non-executive chairman at the Holgate-based business. CPP has said it will, however, continue its search for a permanent chief executive.

Mr Callaghan is said to have relevant experience in growing technology-enabled customer service businesses. He is a non-executive director of mobile paid content provider Lumata Holdings, Navtech Radar, a manufacturer of commercial radar solutions, and Ceres Power Holdings, an AIM-listed developer of fuel cell technology.

Mr Anstee said: “We are delighted to have secured Stephen Callaghan as our proposed interim chief executive and I look forward to working closely with him.”