Immediately following his retirement, Sir Patrick will be appointed as the company’s Life President.
Commenting on the announcement, David Pritchard, Acting Chairman of Euromoney said: “It has been a privilege to serve alongside Sir Patrick on our Board. Sir Patrick’s entrepreneurial spirit when he founded Euromoney back in 1969 encapsulates the very reason for its success over almost five decades. Sir Patrick has served as Managing Director, Chairman and latterly Non-Executive Director. We are delighted that he has agreed to accept an appointment as Life President of the Company so that we can continue to benefit from his advice and insights. We wish him well.”
Andrew Rashbass, CEO of Euromoney, added: “I would like to thank Sir Patrick for welcoming me to the Board when I joined the Company and for generously sharing his knowledge and wisdom with me since then. Euromoney is known for its entrepreneurial spirit and that started with Sir Patrick. Our Board will miss his advice as much as his company. The word irreplaceable is often over-used but in Sir Patrick’s case it is true and I am therefore very happy that we will still benefit from his counsel in his new role as Life President.”