Tom Hargreaves set to join Medica Group as CFO early next year

Hastings-based telemedicine firm Medica Group said it had appointed Tom Hargreaves as its chief financial officer (CFO), who will be joining the group early in 2025.

With a strong foundation in blue-chip finance and a track record of success in private equity-backed environments, Hargreaves brings valuable expertise in scaling businesses and enhancing financial performance, the company said.

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He has been most recently CFO of Auction Technology Group (ATG), where he played a pivotal role in scaling the business from US$25 million in revenue to its listing on the FTSE250, delivering substantial returns for private equity investors.

Before that, he held leadership roles at Vodafone and Yell UK. Medica Group said the appointment strengthened Medica’s executive team following its acquisition by IK Partners.

Andrew Cannon, CEO at Medica Group, said: "We are delighted to welcome Tom Hargreaves to Medica’s leadership team.

"His impressive track record of delivering results in both technology and service-related organisations makes him an ideal fit for Medica as we continue to drive growth and improve lives through excellence in diagnostics and research."

Hargreaves added: "I am excited to join Medica at this critical juncture in its growth journey.

"Having spent seven years at ATG, I am ready for a new challenge and see significant growth potential at Medica.

"The company’s service model, supported by its dedicated teams, has many parallels to my previous experiences, and I am eager to leverage my expertise in a high-growth environment backed by a highly regarded private equity firm like IK Partners."