PE firm Shore Capital says founder to relinquish CEO role

Private equity firm Shore Capital Group Ltd said its founder Howard Shore would step down as group chief executive.

The company named Simon Fine and David Kaye as joint CEOs.

Howard Shore will remain executive chairman of the group and will focus on its international investment strategy, the investment firm said in a statement.

The company said separately it posted a 21 percent rise in revenue for the year ended Dec. 31.

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