Safestay appoints Sharon Segal as finance director

AIM-listed hostel owner and operator Safestay has appointed Sharon Segal as finance director with effect from next Monday.

It said that Segal, who will also be appointed company secretary, has "a wealth" of commercial experience with European hospitality and "a strong background " in investment management. She joins the company from The One Group, where she was director of finance and a founding member.

Before that, Segal was investment director at BDO Investment Management/Fitzwilliam Asset Management, where she was head of long only investments and lead manager of the Fitzwilliam balanced growth fund.

Chairman Larry Lipman said: "I am delighted that Sharon will be joining the business as finance director. I believe that her knowledge of the industry as well as her strong international commercial experience will be of great benefit to the company as we look forward to further developing the group's pan European portfolio of contemporary hostels."

At 1015 BST, the shares were up 0.3% to 200p.