Auction Technology Group Appoints Sarah Highfield as New CFO
Portfolio - People | Jan 02, 2025 | Aim Group
Auction Technology Group plc (ATG) has appointed Sarah Highfield as its new Chief Financial Officer, succeeding Tom Hargreaves. Highfield brings over 15 years of experience in financial leadership roles across notable companies such as Elvie, Costa Coffee, and Tesco. She was most recently at Away Resorts and holds audit and risk leadership positions with Coats Group plc and previously with Seraphine Group plc. ATG's CEO John-Paul Savant highlighted Highfield's experience in handling growth and cost efficiency. Concurrently, TA Associates, a private equity firm, has sold its 12.6% stake in ATG for $107.6 million.
Sectors
- Technology & Online Marketplaces
- Private Equity
Geography
- United Kingdom – The UK is significant as it is where Auction Technology Group is located and operates majorly.
- United States – ATG has business operations extending into the US, making it a relevant geography in the article.
- Germany – Germany is part of the geographical locations where ATG operates its marketplace.
- Mexico – Mexico is included as another country where ATG has operations.
Industry
- Technology & Online Marketplaces – Auction Technology Group operates online marketplaces and listing sites, aligning with the technology sector.
- Private Equity – TA Associates' involvement as a stakeholder and their subsequent exit classifies the article in the private equity sector.
Financials
- 84.4 million GBP ($107.6 million) – The value of the 12.6% stake in ATG sold by TA Associates.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Auction Technology Group plc | Target | Company | A company specializing in auction services and operating multiple marketplaces. |
| Sarah Highfield | New CFO | Person | Appointed as the CFO of ATG with over 15 years of senior financial leadership experience. |
| Tom Hargreaves | Outgoing CFO | Person | Former CFO of ATG who left to join a private equity-backed company. |
| TA Associates | Selling Company (Vendor) | Company | A private equity firm that sold its 12.6% stake in ATG. |
| Coats Group plc | Audit & Risk Committee Association | Company | A company where Sarah Highfield serves as audit & risk committee chair. |
| Seraphine Group plc | Former Audit Committee Association | Company | A company where Sarah Highfield previously served as audit committee chair. |