Press Release 2 minute read

TMF Group announces Mark Weil as Chief Executive Officer

17 May 2018

TMF Group, a leading provider of high value business services to clients operating and investing globally, today announced that Frederik van Tuyll will be stepping down as Chief Executive Officer (CEO), with Mark Weil appointed as his replacement.

Mark will lead TMF Group into its next phase of growth and development, bringing a wealth of experience and a strong track record in leadership positions in professional services, most recently at Marsh and before that at Oliver Wyman.

Mark’s appointment is subject to regulatory approval and he is expected to succeed Frederik van Tuyll in July. Frederik has been instrumental in driving the strong growth of TMF Group in recent years and in developing a clear long term strategy, resulting in the recent sale to CVC Capital Partners. Frederik will remain closely involved with TMF Group as both an investor and advisor, ensuring a smooth transition of leadership.

Speaking on his appointment, Mark said: “TMF Group is uniquely positioned to help its 15,000 clients operate and expand around the world, given its global footprint, breadth of services and quality of people. I look forward to joining a team of over 7,000 highly talented professionals, dedicated to serving client needs and to investing further in our client capabilities and platforms.”

Frederik added: “It has been a pleasure to work with TMF Group but after more than 25 years with the group it is time to move on and hand over to Mark to take the business forward. We have grown the company into a global leader in the markets in which it operates and I believe Mark is well placed to lead the company through its next phase of development. I look forward to working with him and the rest of the Board as we continue TMF Group’s successes.”

Robert Jan van de Kraats, Chairman [elect] of the Board, said: "I am delighted to welcome Mark as our new CEO as the business enters a new and exciting chapter in partnership with CVC. He will bring invaluable expertise to help accelerate TMF Group’s growth in the years to come and to execute on the many strategic opportunities. I would also like to take the opportunity to thank Frederik on behalf of the entire Board for his tremendous contributions over the past years – he has been an outstanding leader and I am delighted that his knowledge will be retained for TMF Group due to his continued involvement as an investor and advisor."

 

For further information, please contact:
Damian Kerr, Director of Corporate Communications, TMF Group
Damian.kerr@tmf-group.com
D: +44 7587 212 926

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