Inflexion appoints new Parasol chair

Inflexion has installed Ray Pierce as chairman of Parasol, the UK provider of contractor payroll services it acquired in a £24m buyout in October 2006.

Pierce will oversee the development of the company and liaise between the Inflexion portfolio management team and Parasol’s senior management headed by Rob Crossland as CEO. Pierce has been known to Inflexion for a number of years, most recently in his capacity as chairman of Crown Sports, which Inflexion sold in May 2006.