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FNTC announces the appointment of Fiona Downing as CEO

02 May 2024

FNTC, an IQ-EQ Group company that serves the global timeshare industry and operates in the U.S. through its subsidiaries FNTC A and VOTA announced today that Declan Kenny is to retire from his position as Chief Executive Officer.

He will take on the role of Executive Chairman with immediate effect and as at January 1 2025 he will move to a non-executive chairman role ensuring that our FTNC business will continue to benefit from his extensive experience in the sector.

We’re pleased to announce that industry veteran Fiona Downing will succeed Declan as Chief Executive Officer of FNTC as of May 22, 2024, and lead the business on the next exciting phase in our commercial journey. Under Declan’s leadership FNTC has grown to be the leading provider of business solutions and legal structures for resort developments, helping deliver the best infrastructure for fractional or shared ownership resorts and vacation clubs globally but our ambition doesn’t stop here.

As a Group we’ve ambitious plans to continue to grow the business to ensure we can continue to support our clients and the industry into the future.

Commenting on the appointment Mark Pesco, Group Chief Executive Officer, IQ-EQ said:

“Ensuring that we had an industry experienced and commercially driven leader in place to continue the growth trajectory of this business was our number one priority when looking to identify a successor to take FNTC forward. Under Fiona’s stewardship and with the support of the wider business we’re confident that FNTC is in a strong position for the future.”

Working with IQ-EQ has been seamless – you and your team understand our business, advise us appropriately, and handle your side of our collective partnership so that we can focus on making good investment decisions. Evan Gibson SVP, Merchants Capital

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