IG Design Group (AIM:IGR), a designer, innovator and manufacturer of gift packaging, greeting cards and creative products, said Rohan Cummings will step down as chief financial officer and from the board with effect from 31 August.
Ari Bensoussan will succeed him as CFO and join the board as an executive director from 1 September.
Bensoussan brings nearly 30 years of finance, strategy and M&A experience across global consumer businesses.
He joins from Thai Union Group, the seafood group, where he has been Chief Financial Officer, Europe since 2021, having spent almost 25 years at Nestlé in senior finance, operations strategy and M&A roles.
Cummings will remain with the company until 31 December to ensure an orderly handover.
Non-Executive Chair Stewart Gilliland credited Cummings with helping deliver the disposal of DG Americas and a renegotiation of the group's banking facilities during a period of significant restructuring.
"His contribution has helped position Design Group as a focused business with a robust balance sheet and strong foundations for its next phase," Gilliland said.
Gilliland said Bensoussan's international finance and commercial background would support efforts to broaden the group's customer reach while maintaining financial discipline.
News Intelligence what this means for the company
IG Design Group has appointed Ari Bensoussan, a 30-year finance veteran from Thai Union Group and formerly Nestlé, as CFO from 1 September, replacing Rohan Cummings. The move comes as the company navigates a period of restructuring—Cummings oversaw the disposal of DG Americas and a renegotiation of banking facilities—and the board expects Bensoussan's international commercial background to support customer expansion while maintaining financial discipline.
The CFO transition itself is a routine governance event, but timing matters: IG Design is guiding for FY2027 adjusted operating margins of 4–5% and £5m annual free cash generation after reporting adjusted operating profit of £9.6m (down from £16.0m) and 3% revenue decline in the most recent year. Bensoussan's M&A and strategy experience may be material if the company pursues inorganic growth to offset organic headwinds, though the announcement contains no such signal.
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