IPE.com reports that Dasgupta has been the investment and finance chief of the PPF and was named CEO after an “open competition” for the appointment. Dasgupta will earn roughly £500,000 for the three-year contract, including a base salary in the region of £150,000 per year plus a performance-related bonus of up to 10%.
A PPF spokesperson told IPE.com that, while Kinghorn’s focus and expertise were on getting the organization set up and running, Dasgupta will focus on three key themes going forward: innovation, communication, and delivery. The PPF is little more than a year old, having officially opened for business in April 2005 (See Britain’s Answer to PBGC Opens for Business ).
Until a replacement is found, Dasgupta will continue in his role as investment and finance chief, in addition to his new role as CEO. He will assume his post on June 22.