Fran Nevrkla has today (Monday June 6, 2011) announced his succession plan for music and video licensing companies PPL and VPL.

With unanimous approval from the boards, Nevrkla, who was appointed to his current position in October 2000, has decided to step down as CEO of PPL and VPL at the end of the year, whilst remaining as Chairman. Peter Leathem has been named as the new Chief Executive Officer from 1 January 2012 and with immediate effect is appointed Managing Director of PPL and VPL in advance of assuming the role of CEO.

Peter Leathem joined PPL as Head of Legal and Business Affairs in 2002 and, following several positions within the company since that time, was appointed Executive Director in October 2008. Prior to joining the company, he was a partner for eight years with city law firm GSC Solicitors, where he specialised in intellectual property and was Head of the Intellectual Property Department. Succeeding Peter Leathem in his capacity as Company Secretary will be David Harmsworth, Head of Legal and Business Affairs

"I am delighted that the succession plan which has been carefully thought through received the unanimous support of the boards. I considered it my absolute duty to ensure that when the time comes I can hand the reins over to someone who knows the business and can be trusted to carry on the good work," said Fran Nevrkla. "Much has been achieved over the last ten years but yet more has to be done and strived for and Peter's appointment will provide the necessary degree of stability and continuity to the organisation which is so important to ensure further successes and achievements in the future."