Preventative healthcare specialist PAM Group has appointed a new chief financial officer to succeed Stewart Boxer, who has retired after seven years with the business.

Phil Foster, 55, has taken over the strategic day-to-day financial management of the Warrington-based group and its subsidiary businesses in a planned succession.

He was recruited to the group earlier this year through Rowan Executive Search to a corporate finance role to help facilitate private equity firm LDC’s minority investment into PAM, which was completed in June. LDC’s backing will help drive PAM’s organic growth and support product launches.

Phil is a chartered accountant with more than 30 years’ experience in finance and strategic finance roles, including senior positions at foodservice giant Brakes, contract caterer Elior UK and airport ground services and air cargo handling business Swissport UK.

PAM Group, founded in 2004 by chief executive James Murphy, is one of the UK’s largest occupational health and wellness providers. It offers a range of integrated programmes to public and private sector clients, supporting more than 600,000 employees at over 1,000 businesses and organisations.

Its services include absence management, physiotherapy, employee assistance programmes, psychological support, corporate health assessments, neurodiversity assessments and drug and alcohol screening. It also has a retail operation supplying fitness, exercise and rehabilitation equipment to sports clubs and sports and physiotherapy professionals.

PAM Group, which employs 650 staff, is looking to double annual revenues to £80m within the next three years through continued organic growth and acquisitions.